Embry buys Brackenridge at Midtown for $51M in San AntonioEmbry buys Brackenridge at Midtown for $51M in San Antoniohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=107342015-10-07T05:00:00Z2015-10-07T12:30:00Z

​​​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 Brackenridg​e 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.

CoStar Group
San Antonio-New Braunfels
http://www.costar.com/News/Article/Pure-Multi-Family-REIT-Finalizes-$51-Million-Purchase-of-Brackenridge-at-Midtown/175923?Read more at {Source}

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