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.
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