San Antonio: Inland Private takes $31.5M walk in the parkSan Antonio: Inland Private takes $31.5M walk in the parkhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=104522015-09-01T05:00:00Z2015-09-01T14:00:00Z

​SAN ANTONIO - Inland Private Capital Corp. is boosting its presence in San Antonio by sponsoring a Delaware statutory trust for the purchase of Park at Walker's Ranch, a 300-unit multifamily complex in the city's North Central submarket for $31.5 million.

The apartment complex is located at 14555 Blanco Rd.

Park at Walker Ranch's previous owner upgraded about half of the units, so the objective in acquiring the property was to finish the rest with some light renovations and surface finishings.

The firm will also be building a dog park and giving the rest of the property a bit of a facelift.

"We want to re-establish it as one of the top rental points for tenants looking for top-tier amenities," said Keith Lampi, president and COO of Inland Private, adding that the firm will be investing an additional $1.4 million in renovations around the complex.

San Antonio Business Journal
San Antonio-New Braunfels
http://www.bizjournals.com/sanantonio/news/2015/08/31/investment-firmsponsored-delaware-statutory-trust.htmlRead more at the {Source}

 Search NewsTalk Texas