SAN ANTONIO - Atlanta-based The RADCO Cos. has acquired The Stratford Apartment complex at 4041 Medical Dr. for $20.6 million.
The group will rename the property to City Summit and has plans to put in an additional $4 million to renovate the exterior amenities and interior finishes.
Along with its proximity to the city's expanding Medical Center — an area that's long been favored by out-of-state investors — RADCO was attracted to the property's large floorplans, full suite of amenities and mix of apartment units and townhomes.
Looking for multifamily stats in San Antonio? It's easy to find submarket data too at San Antonio Market Research.
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.