Tetro Student Village under new ownershipTetro Student Village under new ownershiphttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=117812016-01-19T06:00:00Z2016-01-19T18:00:00Z

​​SAN ANTONIO – ​Atlanta-based developer Carter has sold Tetro Student Village to a private investor.

The 198-unit property at 15502 Babcock Rd. is just across Loop 1604 from the University of Texas at San Antonio.

T​he Bexar County Appraisal District values the property at $27 million. According to Real Capital Analytics, the buyer secured a $24 million loan with Walker & Dunlop.

Austin-based FourPoint Student Housing Investments brokered the transaction on Carter's behalf.

The student housing development, which was built in 2013, was fully occupied at time of sale.

San Antonio Business Journal
San Antonio-New Braunfels
http://www.bizjournals.com/sanantonio/news/2016/01/15/fully-occupied-two-times-over-tetro-student.html?ana=e_sant_rdup&s=newsletter&ed=2016-01-19&u=yG2E0oPJdYiGi7lZ36mOd56qtUl&t=1453216305Read more at {Source}

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