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.
The Real Estate Center has more information like this online for free:
Source: San Antonio Business Journal
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.