SAN ANTONIO, TX-Sperry Van Ness of Irvine, CA has completed the sale of the Oaks ofMarymont Apartments in San Antonio to Bay Equities Residential for$13.85 million.The Oaks is a 27-building, 319-unit apartment community located at 8800Starcrest Drive.

Rex Jones of Sperry Van Ness in San Antonio represented the buyer BayEquities Residential, and the seller, Berkshire Realty.

“The Oaks sold well because the property is near the San AntonioInternational Airport, shopping, restaurants and businesses,” Jones said.

Built in 1975 of wood and stucco construction and situated on 16 acres ofland, this complex features, 84 one bedroom /one bathroom units, 26 twobedroom / one bathroom units, 14 two bedroom / 1/2 bathroom units, 163 twobedroom / two bathroom units, 24 three bedroom / two bathroom units and 8four bedroom / two bathroom units.

The community is 94% occupied with rents ranging from $520 to $1,025.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.