Fort Sam area: Brackenridge at Midtown selling for $51M

​​​​​​​​​SAN ANTONIO – The owners of Brackenridge at Midtown, 223 Brackenridge, have agreed to sell the luxury property to a Canadian real estate investment trust for $51 million. The purchase should close by September 30, 2015.

Built in 2014 and consisting of 282 residential units averaging 852 sf.

Brackenridge at Midtown is located just east of Broadway on Brackenridge Ave. The property is located within a few miles of downtown San Antonio, Joint Base San Antonio-Fort Sam Houston, the University of the Incarnate Word and Trinity University.

Pure Multi is a publically traded Canadian vehicle offering investors exposure to U.S. multifamily real estate assets.​​​