SAN ANTONIO - The Cielo apartment complex on the northeast side has been purchased.
Robert Schumacher bought the 10.4-acre complex near the corner of Nacogdoches Rd. and Wurzbach Pkwy.
The purchase price of the 216-unit complex was $15.5 million.
Cielo apartment complex, formerly known as Audubon, was built in 1985 and was assessed at $13.3 million this year.
Roscoe Properties recently rehabbed its common areas and some of its apartments, and Schumacher says he plans to finish the work on the rest of the complex.
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