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.
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