{{titleBar.title}}

{{titleBar.tagline}}

 

 

Calif. investor sells 559 Class B units in San AntonioCalif. investor sells 559 Class B units in San Antoniohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=29602014-09-25T07:07:00Z2014-09-25T07:01:00Z

SAN ANTONIO - The 327-unit Park West and the 232-unit Parliament Bend have both been sold to California-based Regional Investment & Management.

The two Class B, garden-style communities are located in the Castle Hills submarket.

Park West, located at 11845 West Ave., offers studio, one- and two-bedroom floor plans that range from 413 sf to 823 sf. Rent varies from $489 to $829. It was constructed in 1979.

Parliament Bend, located at 11838 Parliament St., offers one- and two-bedroom units that range from 476 sf to 905 sf. Rent varies from $499 to $849. It was constructed in 1981.

“Mid-1980s construction is popular with multifamily investors due to the ease at which you can upgrade this property type and seek increased rents,” said Pat Jones, Austin-based principal at ARA Austin.

Multi-Housing News
San Antonio-New Braunfels
Multifamily
http://www.multihousingnews.com/news/todays-deals-california-investor-sells-559-units-in-san-antonio/1004107953.htmlRead more at {Source}

 Search NewsTalk Texas