{{titleBar.title}}

{{titleBar.tagline}}

 

 

San Antonio: Pure Multi-Family packs $117.5M TPC Portfolio in its knapsackSan Antonio: Pure Multi-Family packs $117.5M TPC Portfolio in its knapsackhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=120432016-02-08T06:00:00Z2016-02-08T20:45:00Z

​​SAN ANTONIO - Vancouver-based Pure Multi-Family REIT will acquire two multifamily communities, known collectively as the TPC Portfolio, for an aggregate purchase price of $117.5 million, or approximately $155,000 per unit.

The 416-unit The Towers at TPC San Antonio was delivered last October at 4092 TPC Pkwy. in the Outer Far North Central Multifamily submarket. The mid-rise community consists of one- to four-bedroom floor plans, averaging 943 sf, across eight buildings on 19.4 acres.

The second community in the portfolio is The Mansions, a 344-unit apartment complex completed in 2007 at 22800 Bulverde Rd., also in San Antonio's Outer Far North Central Multifamily submarket. The garden-style community consists of one- to four-bedroom floorplans, averaging 1,135 sf, across 38 buildings on a 34.8-acre site.

The anticipated closing date is March 1, 2016.
CoStar Group
San Antonio-New Braunfels
Multifamily
http://www.costar.com/News/Article/Pure-Multi-Family-REIT-to-Expand-US-Holdings-with-$1175-Million-MF-Buy-in-San-Antonio/179384?ref=/News/Article/Pure-Multi-Family-REIT-to-Expand-US-Holdings-with-$1175-Million-MF-Buy-in-San-AntonioSource: {Source}

 Search NewsTalk Texas