SAN ANTONIO - Utah-based Bridge Investment Group Holdings has closed on the purchase of The Regency at Lookout Canyon — a 320-unit multifamily complex located in North San Antonio, near the prestigious Stone Oak community.
Rents currently start at $850 for a one-bedroom and go up to more than $1,800 for a four-bedroom apartment. Occupancy at the time of the sale was 95 percent.
The Regency property sale comes on the heels of two other large sales made last month — Signature Ridge, a 612-unit property that was purchased by Railfield Realty Partners for $44.6 million; and The Landmark, a 426-unit complex purchased by Presidium.
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