Towne Oaks purchased in Northeast San Antonio

SAN ANTONIO – Towne Oaks, a 123-unit community located at 8623 Starcrest Dr., was purchased by Presidium Group LLC in Northeast San Antonio. Presidium plans to invest about $1 million to upgrade the property’s interiors, exteriors, common areas and its amenities.

Going forward, the community will be known as “Settlement." The complex includes one- and two-bedroom residences, plus amenities such as a swimming pool and clubhouse.

The Settlement deal marks Presidium’s first San Antonio acquisition for 2014.