Michaelson Real Estate Group, LLC and Private Equity Partners Purchase Escondido Village Apartments

Michaelson Real Estate Group today announced the purchase Escondido Village, a 388-unit multi-housing community located at 7226 Blanco Road, San Antonio, Texas.

Escondido Village is just minutes from The Rim, restaurants, amazing shopping, nighttime entertainment, banking and schools and a short drive to the University of Texas San Antonio, San Antonio International Airport, major sports events, art exhibitions, concerts, golf courses, and Six Flags Fiesta Texas. Escondido Village is also conveniently located near many major employers, including USAA, H-E-B, and Hulu’s new 60,000 square-foot space which is anticipated to bring 800 new jobs, sixty-five percent paying more than $50,000 a year, to the San Antonio area. Escondido Village also offers superb accessibility to the area’s most traveled highways, including Interstate 10.

Built in 1969, Escondido Village features a mix of one, two and three-bedroom apartments in seven different floor plans with an average size of 748 square feet. Escondido Village boasts updated kitchens, washer/dryers and private balcony/patios. The property also features a full amenity package including a clubhouse, sparkling pool, sundeck, fitness center, picnic/grilling area, dog park, covered parking, and playground.

Michaelson is a full service multi-family housing and commercial real estate management and investment firm. Michael N. Moses, the principal, is a seasoned real estate executive and entrepreneur with more than 30 years of experience in the multifamily market. Michaelson recently expanded its market-leading multi-family property management business into Texas. It now operates twelve Texas apartment communities in Dallas and San Antonio.