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Orion Real Estate buys $20.2 million apartment community Orion Real Estate buys $20.2 million apartment community https://www.recenter.tamu.edu/news/newstalk-texas/?Item=238522020-02-07T06:00:00Z2020-02-11T19:00:00Z

​​Poolside view of the Hill at Woodway at 10951 Laureate Dr.SAN ANTONIO – Los Angeles-based Orion Real Estate Partners has purchased the Hill at Woodway from HWW Laureate Partners LP for $20.2 million.

The 248-unit apartment community at 10951 Laureate Dr. offers one- and two-bedroom units with rents ranging from $760 to $1,241 per month.

Amenities include a pool, picnic area with barbeque, fitness center, and business center.

CBRE provided a ten-year fixed rate acquisition loan through Fannie Mae. The new owner will implement $2.2 million in upgrades. 

Orion purchased the property after selling a 199-unit multifamily asset in Austin. 

Texas logoThe Real Estate Center​​​​ has more information like this online for free:

​Source: San Antonio Business Journal​

San Antonio Business Journal
San Antonio-New Braunfels
Multifamily
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