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Castle Lanterra enters San Antonio multifamily marketCastle Lanterra enters San Antonio multifamily markethttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=166092017-05-18T05:00:00Z2017-05-18T22:00:00Z

​​​​​​​​SAN ANTONIO – Castle​​ Lanterra Properties has acquired the Agave Apartments, a $78 million upscale apartment complex, from a partnership between Greystar and the Carlyle Group.

The 349-unit ​complex at 633 S. St. Mary's St. suffered extensive damage in a three-alarm fire in December. The original sale agreement was derailed by the fire.

South Carolina-based Greystar will continue making repairs to the property as part of the new sales agreement.

The acquisition is New York-based Castle Lanterra's first foray into the local market.

ARA Newmark brokered the sale.

San Antonio Express-News
San Antonio-New Braunfels
Multifamily
http://www.mysanantonio.com/real-estate/article/New-York-firm-buys-luxury-Agave-apartment-complex-11156812.phpRead more at {Source}

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