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$22M for Rosemont Olmos Park apts. in SA$22M for Rosemont Olmos Park apts. in SAhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=70382013-06-18T12:07:00Z2013-06-18T11:00:00Z

SAN ANTONIO - The 139,000-sf Rosemont Olmos Park, a 144-unit property, has been purchased for $22.05 million by Steadfast Income REIT Inc. The property, 401 Holland Ave., was built in 1995 and 1996 and is located in Olmos Park.

The ten three-story buildings have a mix of one-, two- and three-bedroom apartments, averaging 963 sf, with average rents of $1,332.The complex is 94 percent occupied.

The Rosemont was one of three apartment complexes sold in Texas and Oklahoma for $62 million. The other Texas property was Grayson Ridge in North Richland Hills near Fort Worth.

Read more at the San Antonio Business Journal, CoStar Group and Securities and Exchange Commission.

San Antonio Business Journal
San Antonio-New Braunfels
Multifamily
http://www.bizjournals.com/sanantonio/blog/morning-edition/2013/06/rosemont-olmos-park-apartments-sold.htmlRead more at {Source}

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