HOUSTON – San Antonio-based REEP Equity has purchased Residences 2727, a 171-unit apartment complex on 3.7 acres at 2727 Elmside Dr.
The property has one- and two-bedroom units averaging 917 sf.
Amenities include a pool, fitness center, pet park, and resident lounge.
JLL arranged fixed-rate acquisition financing through NexBank.
REEP will implement a value-add program that will include the addition of a business center.
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Source: REBusiness Online
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