The Grand at Stonecreek

APARTMENT Amenities

• Resort-Style Pool • Fire Pit & Outdoor Loung • State-of-the-Art Clubhouse • Business Center • Fitness Center with Yoga Room • Open Green Space • Community Kitchen • Bark Park • Courtyard • Game Room • Stainless Steel Grilling Areas

Community Amenities

PROPERTY INFORMATION

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490 BARNES DR | SAN MARCOS, TX

2021

BUILT

267

UNITS

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Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada. © 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.

Michael Gonzalez

Senior Director 512.226.8718 michael.gonzalez@berkadia.com

Kelly Witherspoon

Senior Managing Director 512.226.8706 kelly.witherspoon@berkadia.com

investment sales

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BRANT SMITH

Senior Managing Director 512.226.8702 Brant.Smith@berkadia.com

Mortgage banking

Berkadia’s Multifamily Investment Sales Team is pleased to announce the exclusive listing of The Grand at Stonecreek, a 267-unit Class-A community located in rapidly expanding city of San Marcos, TX. The Property is conveniently located within the Stonecreek Shopping Center, providing residents with direct pedestrian access to all the major retail center amenities, and instant accessibility to I-35 and the rest of the I-35 Corridor. Many of San Marcos’ notable economic drivers like the HEB Distribution Facility, Central Texas Medical Center, Amazon’s SAT2 Distribution Facility, and the San Marcos-Tanger Outlets are within a 2-mile radius of the Property, providing many employment avenues to draw tenants from. Additionally, Texas State University, with nearly 40,000 students enrolled in Fall 2022, is less than 3.5 miles from The Grand at Stonecreek.

THE OPPORTUNITY

• Fully Equipped Kitchen • Stainless Steel Appliances • Gooseneck Faucets • Hardwood-Look Flooring • Granite Countertops • Undermount Sink with Gooseneck • Faucet • Designer Backsplash • Washer | Dryer in Unit* • Custom White Cabinetry • Custom Tile Backsplash • Modern Plumbing & Lighting Fixture • Walk-In Showers • Designer Cabinetry with Vertical • Brushed • Nickel Handles • Nine-Foot Ceilings • Oversized Kitchen Island • Oversized Closets • Patio | Balcony • Courtyard Views* *Select Units

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Adam Sumrall

Director 512.960.2674 adam.sumrall@berkadia.com

Justin Cole

Managing Director 512.226.8711 justin.cole@berkadia.com

ANDY HILL

Managing Director 512.226.8705 Andy.Hill@berkadia.com

LOCATION

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Easy I-35 Corridor Accessibility & Nearby Retail Convenience

Property Overview

The Grand at Stonecreek showcases top-of-the-line interior finish outs that include kitchen islands with granite countertops, modern plumbing & lighting fixtures, stainless appliances and walk-in showers to name a few. Community amenities are highlighted by the contemporary clubhouse and game rooms, a state-of-the-art fitness facility with yoga room, and significant open green space with yard games and stainless-steel grilling areas through the interior corridor of the community. The premier location and amenity offerings have led to unprecedented demand to live at The Grand at Stonecreek, highlighted by The Property maintaining an average occupancy of 96% since October 2021. The Grand at Stonecreek provides an investor the opportunity to own a premier apartment complex surrounded by economic drivers in one of the fastest growing cities and counties in the entire Austin MSA. San Marcos, and Hays County, will continue to benefit from the unprecedented growth happening along the southern I-35 corridor, being equidistant between both Austin (30 miles north) and San Antonio (37 miles south).

Modern Elegance with Amazing Amenity Offerings

Residents at the The Grand at Stonecreek have direct access to I-35 that provides swift transportation to central San Marcos and the other major metros and economic drivers that comprise the I-35 Corridor from Austin to San Antonio. Furthermore, there is built-in pedestrian access to Stonecreek Crossing Plaza, and residents are a 5-minute drive away from the Tanger and San Marcos Outlets shopping centers. Proximity to these dynamic retail centers is a significant selling point for prospective tenants.

Minutes Away From Key Economic Drivers

The southern part of San Marcos has increasingly become the core economic engine of the city outside of Texas State University. The area is home to multiple major distribution facilities, big hospitals, regional conference center and large hotels, key retail centers that all provide jobs to thousands of San Marcos residents. Within a 2-mile radius are the HEB Distribution facility (750 jobs), the Central Texas Medical Center (1,270+ jobs), Amazon’s SAT2 Distribution facility (2,200 jobs), and the San Marcos Outlets (3,140 jobs) which account for a significant portion of San Marcos’ employment base. These economic drivers demonstrate the desirability of the area and is representative of the continued growth in the region. Furthermore, Amazon has doubled down on the region highlighted by their most recent opening of SAT6 in 2021, a one million square foot Distribution facility, which is just over 11 miles from The Property. The sheer size of this Distribution Facility propels SAT6 to the forefront as largest industrial facility in San Marcos and two-county footprint of Hays and Caldwell County.

Central Texas Population Boom Spurred By Hays County

San Marcos has been the key economic hub that has propelled Hays County’s demographics to being some of the most promising in the state and nation. Of the fastest-growing U.S Counties with a population of 100,000 or more, Hays County took the top spot nationally with 53% growth from 2010-2020 seeing its population increase from 83,960 to 241,067 in 2020, which demonstrates the robust growth occurring in the region outside of the student population closely tied to Texas State University. Many factors are contributing to this growth including affordability, the “flight-to-the-suburbs” effect with equidistant access to Austin and San Antonio, quality education with lower teacher-to-student ratios, increasing footprint of existing mega-employers and the growing talent pool that Texas State graduates. These factors have translated into incredible occupancy and rent growth numbers at The Property which is backed by an average occupancy of 96% since October 2021 and an incredible rent growth of 13% since January 2022. The future is bright for The Property, San Marcos and Hays County as a whole, while more companies and people continue to move into the region and contribute to future economic growth.

Major Developments Underway In Close Proximity to San Marcos

With a soaring population, affordable housing and a strong labor market, San Marcos has quickly become a hot bed for industrial development highlighted by over $400M+ in capital investments, 3.7M+ square feet of new commercial space and adding 2,900+ jobs to the local labor market.

CAMERON HART

Senior Director 512.226.8708 Cameron.Hart@berkadia.com