NEW BRAUNFELS, TEXAS — Denver-based Platte Canyon Capital (PCC) has acquired Northwood Apartments, a 252-unit community in the New Braunfels submarket of San Antonio. The property was purchased from the original developer, which owned the asset since it was constructed in 1998. A second phase was built in 2017. This is PCC’s second acquisition in the San Antonio market with an undisclosed Los Angeles-based investment manager. The two entities are aiming to invest $100 million of equity in multifamily acquisitions. In 2025, the partners bought the 268-unit Allure Apartments in San Antonio. At Northwood, PCC is planning to renovate units and upgrade the pool, fitness center, clubhouse and parking areas. Northwood was 70 percent leased at the time of the sale.
Platte Canyon Capital and a private investment partner have acquired Northwood Apartments in New Braunfels, Texas, for an undisclosed sum. The 252-unit property was developed in two phases, the first in 1998 and the second in 2017.
PCC Buys Northwood Apartments in Metro San Antonio
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