216-unit Cielo complex changes hands216-unit Cielo complex changes handshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=143812016-08-29T05:00:00Z2016-08-29T20:00:00Z

​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.

San Antonio Express-News
San Antonio-New Braunfels
http://www.mysanantonio.com/real-estate/article/California-developer-buys-Northeast-Side-9186597.phpRead more at {Source}

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