Marcus & Millichap Inc.
01/27/2026 | Press release | Distributed by Public on 01/27/2026 12:24
Marcus & Millichap Brokers Sale of 108-Unit Multifamily Property in San Antonio, Texas
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Marcus & Millichap Brokers Sale of 108-Unit Multifamily Property in San Antonio, Texas
January 27, 2026
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SAN ANTONIO, Texas, Jan. 26, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of The Alto, a 108-unit multifamily property in San Antonio, Texas.
"Through our marketing efforts, broad exposure, tour count, and competitive process, we were able to achieve higher pricing on a per unit basis than any other 1980s-vintage asset in the market in 2025, a notable result given the recent market headwinds, including supply pressures and softening home prices in the area," said Ben Kalter, director investments. "The buyer plans to implement light interior and exterior renovations along with professional property management, with a focus on operational improvements. While supply remains a concern in San Antonio, well-positioned properties like The Alto continue to present strong opportunities with the right strategy."
Kalter, Drew Garza and Will Balthrope, investment specialists in Marcus & Millichap's San Antonio and Dallas office, had the exclusive listing to market the property on behalf of the seller and procured the buyer.
"Through collaboration between Marcus & Millichap and IPA in San Antonio, we have successfully delivered results for our clients while providing investors with a large inventory of high-quality multifamily investment opportunities in various markets," said Garza, senior managing director investments.
The Alto is on 5.71 acres at 6300 Rue Marielyne St. in northwest San Antonio, near the intersection of Highway 151 and Loop 410. Built in 1984, the property comprises 108 units across 121,296 rentable square feet. It is situated near the South Texas Medical Center, USAA headquarters, Lackland Air Force Base and the Westover Hills commercial district.
"Through our marketing efforts, broad exposure, tour count, and competitive process, we were able to achieve higher pricing on a per unit basis than any other 1980s-vintage asset in the market in 2025, a notable result given the recent market headwinds, including supply pressures and softening home prices in the area," said Ben Kalter, director investments. "The buyer plans to implement light interior and exterior renovations along with professional property management, with a focus on operational improvements. While supply remains a concern in San Antonio, well-positioned properties like The Alto continue to present strong opportunities with the right strategy."
Kalter, Drew Garza and Will Balthrope, investment specialists in Marcus & Millichap's San Antonio and Dallas office, had the exclusive listing to market the property on behalf of the seller and procured the buyer.
"Through collaboration between Marcus & Millichap and IPA in San Antonio, we have successfully delivered results for our clients while providing investors with a large inventory of high-quality multifamily investment opportunities in various markets," said Garza, senior managing director investments.
The Alto is on 5.71 acres at 6300 Rue Marielyne St. in northwest San Antonio, near the intersection of Highway 151 and Loop 410. Built in 1984, the property comprises 108 units across 121,296 rentable square feet. It is situated near the South Texas Medical Center, USAA headquarters, Lackland Air Force Base and the Westover Hills commercial district.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on January 27, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on January 27, 2026 at 18:24 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]