3629 Medical Dr, San Antonio, TX 78229
Visit Doc CenterExecutive Summary
Berkadia’s San Antonio Multifamily team is pleased to offer Turtle Creek Vista, a best-in-class 122-unit garden-style community in the highly desirable San Antonio Medical Center, as an all-cash, new-debt opportunity. Long-term ownership has meticulously maintained the 1983 asset, preserving its core condition while leaving substantial upside through interior modernization, targeted operational improvements, and a robust renovation program. Investors can acquire at a favorable basis, capitalize on both in-place and future yield, and benefit from strong long-term appreciation supported by San Antonio’s positive population and economic growth.
Investment Highlights
Maximizing Value After a 15-Year Tenure Ownership
Long-term, single-owner history with largely untouched interiors and operations creates immediate upside by unit modernization, amenity upgrades, and expense efficiencies
Value-Add Upside with Proven Return on Investment
New ownership can take advantage of a clear, phased upgrade path that can modernize interiors and capture additional $100/unit monthly rent premiums.
Best in Class 1980’s Asset
Among 1980s-vintage properties in the San Antonio Medical Center submarket, Turtle Creek Vista stands out with larger floorplans, strong unit mix, historically high occupancy, and loyal residents.
Favorable Market & Location Dynamics
Located in the South Texas Medical Center, anchored by major employers like University Health, Methodist, and USAA, the property benefits is positioned to benefit from nearby medical, research, and educational employment anchors.
UTSA Merger
The 2025 merger of UTSA and UT Health into a 56,000-student, 9,500-employee research university with a projected $650M+ annual research budget and 1,400 new Medical Center jobs significantly deepens the area’s education and medical employment base, further strengthening long-term renter demand and market stability around Turtle Creek Vista.
Solid In-Place Operations with Opportunity for Margin Expansion
Existing operations generate stable income with room to improve margins through process efficiencies, and scale. Expanding ancillary revenue can further increase NOI and enhance resident satisfaction and retention.
the location
Photo Gallery
Contact us
San Antonio Investment Advisors
Will Caruth
Managing Director
210.377.2768
[email protected]
Cody Courtney
Senior Director
210.377.1219
[email protected]
Robert Dinkins
Senior Financial Analyst
210.591.0846
[email protected]
San Antonio Mortgage Bankers
Boyd Oliver
Director
972.801.3069
[email protected]
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 company business in Nevada.
© 2026 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 Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.