SA: Trails of Westlakes apartments bought; rebranded

SAN ANTONIO – The RADCO Companies, an Atlanta-based apartment investment and redevelopment group, recently bought the Trails of Westlakes apartment community in west San Antonio with the intention to rebrand the complex.

The 336-unit apartment complex is located between Loops 410 and 1604 along Cable Ranch Rd.

RADCO bought Trails of Westlakes and two Houston apartment communities from Fannie Mae for an undisclosed price. The two properties in Houston include the 122-unit Country Place and the 458-unit Saddle Ridge.

All three properties were built between 1975 and 1984. Because the buildings are older, RADCO plans to invest more than $12 million in interior and exterior renovations.

As part of their investment, RADCO rebranded all three communities. Trails of Westlakes is now City Trails, Country Place is City Terrace and Saddle Ridge was renamed City Crossing.

tags: SA multifamily, SA data