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Blackstone sells 1,408-unit apartment portfolioBlackstone sells 1,408-unit apartment portfoliohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=162272017-03-31T05:00:00Z2017-03-31T15:00:00Z

​​SAN ANTONIO – ​​The Blackstone Group is selling a five-property, 1,408-unit apartment portfolio in San Antonio and Tyler to Bluerock Residential Growth REIT for $188.85 million.

The deal closes early next month. 

The portfolio includes the:

  • 335-unit Canyon Springs at 24345 Wilderness Oak. in San Antonio's Stone Oaks submarket;
  • 139-unit Cibolo Canyon, also in Stone Oaks at 5505 TPC Pkwy.;
  • Crown Ridge, a 353-unit property at 18385 Babcock Rd. in San Antonio​; and 
  • Orion at the Cascades, which consists of two properties. Cascades I is a 328-unit community at 4055 Hogan Dr. in Tyler. Cascades​ II consists of 254 units at 4085 Hogan Dr.
CoStar Group
San Antonio-New Braunfels
Multifamily
http://www.costar.com/News/Article/Blackstone-Selling-Texas-Apt-Portfolio-to-Bluerock/189888Read more at {Source}

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