LA investor buys 588-unit apartment pair

​​​​​SAN ANTONIO – ​Los Angeles-based ​Gelt Inc​. has purchased a two-property, 588-unit​​​​​​​​​​​​​​​​​​​​​​​​​​ apartment portfolio near the medical center.

​​​​​The two adjacent ​properties are the 280-unit Barcelo at 3501 Pin Oak Dr. and the 300-unit Melia at 3431 Oakdale St. They feature one-, two-, and three-bedroom floorplans averaging 938 sf.

CBRE Group Inc. ​represented​ the seller, California-based Trinity Property Consultants LLC, which owned the properties since 2015.​​​