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RIM wants in on the LegacyRIM wants in on the Legacyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=219172019-02-08T06:00:00Z2019-02-09T00:00:00Z

​​​​​Legacy Heights Luxury Apartments in San Antonio.SAN ANTONIO – Multifamily investor Regional Investment & Management (RIM) has bought the 306-unit Legacy Heights Luxury Apartment Homes at 1320 Austin Hwy.

Built in 2009, the apartments average 819 sf per unit and $1,226 per month in rent, or $1.50 per sf, making them the most expensive apartments on Austin Hwy.

RIM took out a $35.4 million loan for the purchase. This is the company’s ninth purchase in the area.

Cottonwood Residential sold the property.​

San Antonio Business Journal
San Antonio-New Braunfels
Multifamily
https://www.bizjournals.com/sanantonio/news/2019/02/06/la-based-company-buys-35m-apartment-property-on.htmlRead more at the {Source}

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