May 17, 2017
Out-of-state buyers invest in San Antonio
SAN ANTONIO – Out-of-state buyers acquired four local apartment complexes valued at approximately $150 million, adding to a surge of investment activity in the local multifamily housing market.A Chicago based...
SAN ANTONIO – Out-of-state buyers acquired four local apartment complexes valued at approximately $150 million, adding to a surge of investment activity in the local multifamily housing market.
A Chicago based real estate firm, Sherman Residential, bought the 384-unit Pecos Flats apartments, located at 1210 N. Hunt Lane, on May 2, 2017.
The Bexar Appraisal District has assessed Pecos Flats, built in 2016, at $46.3 million.
San Antonio’s population growth and its increasingly diverse economy are attracting more real estate investors.
Partnerships affiliated with the Starwood Capital Group of Connecticut bought two
apartment complexes late last month:
Walker Ranch—on Blanco Rd. on the North Side—and Hidden Lake, near the crossing of Loop 1604 and Bandera Rd. on the Northwest Side, records show. Walker Ranch was assessed at $42.9 million and Hidden Lake at $41.2 million this year.
Investors have purchased 22 apartment complexes in Bexar County since the beginning of the year, property records show.
Did you like this NewsTalk?
You might also like
PUBLISHED SINCE 1977
TG Magazine
Check out the latest issue of our flagship publication.