SOUTHSIDE PLACE – Lubbock-based Madera Residential has acquired the 270-unit Alexan Southside apartments at 4139 Bellaire Blvd.
Built in 2017, the four-story property consists of 190 one-bedroom and 80 two-bedroom units averaging 752 and 1,241 sf, respectively.
The building wraps around a five-story parking deck with 445 parking spaces.
PCCP LLC provided a $30 million senior loan to the buyer.
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Source: Realty News Report
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