LIVE OAK, BEXAR COUNTY - Crescent RE Holdings has closed on the Mira Loma Apartment complex, a 378-unit property.
The property is the first San Antonio-area asset in Crescent's growing portfolio.
Crescent secured a $32 million mortgage through Berkeley Point. According to the Bexar County Appraisal District, the property was valued at $41.3 million.
Crescent RE Holdings is the partnership between Goff Capital Partners LP and international investment bank Barclays Capital.
This transaction exemplifies the appeal San Antonio's multifamily market has among a high class of institutional investors.
See San Antonio Multifamily Market Research.
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