Sterling Expands Multifamily Acquisitions Across Texas
La Fiesta Apartments
SAN ANTONIO — Sterling Real Estate Holdings, a joint venture between Barker Pacific Group and Pacific Real Estate Partners, has acquired La Fiesta Apartments in San Antonio. The property is a 111-unit complex located in the Alamo Heights submarket in the northeastern part of the city, featuring 68 two-bedroom units.
According to a company statement, Sterling is actively seeking additional multifamily investments across Arizona, Texas, and Nevada as part of its expansion strategy.
“We’re excited to continue pursuing the San Antonio market,” said Michael Barker, Principal at Sterling Real Estate Holdings and CEO and Managing Director of Barker Pacific Group. “La Fiesta benefits from a strong location, and we see clear potential to enhance its value through targeted repositioning and property improvements.”
This acquisition marks Sterling’s second purchase in the San Antonio area, following the 2016 acquisition of Chestnut Park Apartments in Castle Hills. It underscores the firm’s ongoing focus on value-add opportunities within Class B and Class C multifamily assets across the southwestern United States, including markets such as San Antonio, Austin, Phoenix, Las Vegas, and Reno.
Sterling Real Estate Holdings, formed by Barker Pacific Group and Pacific Real Estate Partners, specializes in investing in value-add multifamily communities throughout western and southwestern U.S. markets.
