SAN ANTONIO - The Brackenridge at Midtown has been acquired for $51 million, or approximately $181,000 per unit.
Pure Multi-Family REIT LP sold the property to Embry Partners.
The 282-unit multifamily complex was completed by Embry early last year at 223 Brackenridge Ave. in San Antonio's Mahncke Park Multifamily submarket.
The community is comprised of one-, two- and three-bedroom units that average 852 square feet and was 97 percent occupied at the time of purchase.
The 19-building apartment complex is located near The Pearl entertainment district and within two miles of the University of the Incarnate Word, Trinity University, Downtown San Antonio and Fort Sam Houston — the largest public sector employer in the San Antonio metro area.
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