Apartment developers, investors flock to San AntonioApartment developers, investors flock to San Antoniohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=58962013-10-28T10:12:00Z2013-10-28T08:30:00Z

SAN ANTONIO - The multifamily market is seeing a flurry of activity on the part of both developers and investors, according to third quarter 2013 analysis by Austin Investor Interests LLC.

Over the nine months ended September 30, 2013, construction has been completed on close to 4,200 new multifamily units in San Antonio.

Sixty-one properties changed owners over the first nine months of the year. Of those transactions, 23 were finalized between July and September.

As of 3Q 2013, 65 properties were on the sales block. The overall occupancy rate for the San Antonio apartment market stood at 93 percent as of 3Q 2013. The average sale price stood at $59,000 per unit.

San Antonio Business Journal
San Antonio-New Braunfels
http://www.bizjournals.com/sanantonio/blog/morning-edition/2013/10/apartment-developers-and-investors.htmlRead more at {Source}

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