Trinity University secures a neighborTrinity University secures a neighborhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=156402017-01-24T06:00:00Z2017-01-24T23:00:00Z

​​​SAN ANTONIO – The sale of City Vista Apartment complex, sitting on Trinity University's back yard for the past couple of years, has closed.

The 141-unit property has been acquired by Trinity University, which allows them to expand their student residential options and avoid new construction.

According to public records, the property at 655 E. Hildebrand carries an appraisal value of approximately $27.5 million.​​​​

The property built in 2015, was 96 percent occupied at time of the sale with the majority occupants being students.

City Vista was initially developed as a Class A high-rise by the former Koontz McCombs entity.

The rent for a one-bedroom unit starts at $1,290 and goes up to $3,075 for a three-bedroom unit.

The university will keep current leases intact, but will begin transitioning it to student housing to be available for incoming fall 2017 residents.

San Antonio Business Journal
San Antonio-New Braunfels

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