SAN ANTONIO – Two companies controlled by Robert Schumacher of California have purchased the 216-unit Cielo apartment complex on the city's northeast side for $15.5 million.
The 10.4-acre complex near the corner of Nacogdoches Rd. and Wurzbach Pkwy. was previously owned by SA Audubon Investors, a subsidiary of Wheelock Street Capital.
Formerly known as Audubon, the complex was built in 1985 and was assessed at $13.3 million this year, according to the Bexar Appraisal District.
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