Newmark Arranges Sale of 261-Unit Trophy Multifamily Asset in Central San Antonio

September 15, 2025 1:00 PM

Newmark announces the Company has arranged the sale of River House, a 261-unit trophy multifamily asset located at 122 Roy Smith Street in central San Antonio, Texas.

Newmark Multifamily Capital Markets Executive Managing Director Matt Michelson and Vice Chairman Patton Jones represented the seller, Hixon Properties, a San Antonio-based privately-held real estate investment company, in the sale to an undisclosed buyer. The property was 95% occupied at the time of sale.

“Real estate opportunities like this do not come around very often,” said Michelson. “River House was fiercely sought after by both institutional and private investors. Its irreplaceable location, meticulous design and immediate proximity to the historic Pearl District will make River House a mainstay in the market for years to come.”

Located along the River Walk and adjacent to the Pearl/Broadway Corridor – a dynamic mixed-use zone renowned for its world-class dining, unique retail experiences and thriving cultural scene – River House is a 2015-built Class A mid-rise in San Antonio’s urban core. The community offers resort-style amenities, including an infinity-edge pool, rooftop terrace, riverfront pergola and structured parking. Units range from studios to three bedrooms, with spa-like bathrooms, gourmet kitchens and generous storage.

The property is nestled in the walkable River North District, offering easy access to cultural venues, green spaces and a thriving dining and nightlife scene. Less than a mile from downtown, the location also puts major employers, parks and recreational amenities within close reach.

According to Newmark Research, the San Antonio market is showing strong signs of stabilization and recovery, driven by above-average demand, steady rent growth and rising occupancy as leasing activity outpaces new deliveries.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended June 30, 2025, Newmark generated revenues of over $2.9 billion. As of June 30, 2025, Newmark and its business partners together operated from 165 offices with over 8,400 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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