SAN ANTONIO – California-based DB Capital Management has added a 408-unit multifamily complex at 5707 TPC Pkwy. to its growing Texas portfolio.
ReNew at TPC offers studio and one-, two-, three-, and four-bedroom units averaging 905 sf.
FPA Multifamily was the seller. Newmark Group Inc. brokered both sides of the transaction.
The property is valued at $51.7 million. It was 95 percent occupied at the time of sale.
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