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San Antonio: Fulton focus on 322-unit Sonterra Heights buySan Antonio: Fulton focus on 322-unit Sonterra Heights buyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=105132015-09-10T05:00:00Z

​​​​SAN ANTONIO - San Antonio-based Fulton Property Group is bolstering its local focus with its recent purchase of the Sonterra Heights apartment complex in the Stone Oak area.

Previously The Marquis at Stone Oak, t​​he 332-unit property at 18777 Stone Oak Pkwy. is Fulton's second multifamily acquisition this year.

As San Antonio's growth becomes increasingly apparent among investors, multifamily acquisition activity will only continue to rise.

  • Just last month, a Canadian REIT bought the Midtown at Brackenridge for $50 million.
  • Austin-based Kenshokai Kk purchased the South Point Oaks Apartments along Northwest Loop 410.
  • Tampa, Florida-based Integritas Residential acquired the Amesbury at Deerfield Apartments in North Central San Antonio.
  • California-based Regional Investment & Management bought the 328-unit Silver Rock complex in the northwest part of town.

What has also become clear is that there is an expanding market for both new construction and value-add properties.

The most important factor in San Antonio multifamily acquisitions now is all about location, with Stone Oak, the Northwest and the Medical Center community leading the pack in terms of acquisition volume.

San Antonio Business Journal
San Antonio-New Braunfels
Multifamily
http://www.bizjournals.com/sanantonio/news/2015/09/09/fulton-property-group-intensifies-san-antonio.htmlRead more at the {Source}

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