San Antonio: 150-unit Ashler Oaks branches out to new owner

​SAN ANTONIO – California-based Omninet Capital has sold the
150-unit Ashler Oaks to San Antonio-based Michael & Laura Gasparrelli Group
LLC.

Ashler Oaks, a garden-style apartment complex spanning 6.65
acres, was built in 1997 and is currently 90 percent occupied.

Near the Medical Center at 4100 Parkdale Dr.,
the buyer purchased it as a value-add opportunity and secured a $7.8 million
mortgage from RAIT Financial.