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2020-Built San Antonio Multifamily Property Changes Ownership

The 323-unit community is conveniently located near the San Antonio International Airport, downtown, and many top employers and Fortune 500 companies filling over 75,000 jobs. The Stone Oak neighborhood gives students access to some of the highest-rated schools in the Northeast Independent School District as well as The University of Texas at San Antonio. And for all residents, the North San Antonio site provides premium retail, dining, and entertainment options.

The midrise property sets the new standard of living in San Antonio by providing an impressive collection of amenities, including:

One to three-bedroom apartments with elevator access
Two-bedroom, multi-level townhouses with flexible lease terms
Privacy conveniences such as attached garages, in-unit washers and dryers, personal patios/balconies, complimentary virtual class memberships, and valet trash service
The expansion of one’s home with a luxuriously decorated clubhouse featuring a business center with conference rooms, indoor and outdoor entertaining kitchens with bars, and a courtyard overlooking Texas Hill Country
Comprehensive community amenities, such as a 24-hour state-of-the-art fitness center with cycling room, clubhouse with golf simulator, resort-style pool, and gated pet park
On December 16, 2021, Sherman Residential purchased and assumed management of the property. Scott Gould, Sherman’s Senior Vice President, states:

The acquisition of The Standard at Legacy continues our firm’s long-term commitment to investing in the San Antonio metropolitan area. We look forward to continuing to pursue the acquisition of additional high-quality, multifamily properties in the market.

With a dedicated team, they look forward to creating a true sense of community for its current and future residents.

Leading into its centennial year, The Standard at Legacy marks over 80 properties owned and professionally managed by Sherman Residential. The company has been family-owned for three generations, since 1922, and is headquartered in north suburban Chicago. It manages a successful portfolio of multifamily properties across the country. To learn more about its current holdings and investment opportunities,


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