Sold: 258,000-SF, 306-unit Legacy Heights in San AntonioSold: 258,000-SF, 306-unit Legacy Heights in San Antoniohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=18422015-01-30T14:13:00Z2015-01-30T07:41:00Z

SAN ANTONIO - Cottonwood Residential of Salt Lake City has purchased Legacy Heights, a 258,200-sf, 306-unit Class A multifamily community in northeast San Antonio, adjacent to affluent Alamo Heights and near Fort Sam Houston.

Located at 1320 Austin Hwy., the property sits on 22.47 acres and consists of one-, two- and three-bedroom units with nine floor plans.

Both the Class A and Class B/C multifamily sectors in San Antonio are likely to benefit from substantial job growth among professionals, and among blue-collar and leisure/hospitality workers, respectively, this year, according to a 2015 market forecast by Marcus & Millichap.

Average vacancies and rents are expected to remain relatively stable, however, with a 4 percent (6,750-unit) increase in apartment inventory roughly balancing employment growth.

Click here for Marcus & Millichap's 2015 market forecast.

Online news
San Antonio-New Braunfels
http://www.cpexecutive.com/regions/southwest/cottonwood-residential-rides-san-antonios-growth-wave-with-new-purchase/1004112014.htmlRead more at {Source}

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