JLL Facilitates Sale of Texas Community Built in the 60s
The 44-unit community, located off Loop 1604 near Interstate 35 in northwest San Antonio, is a solid investment due to its value-add profile.
By Anca Gagiuc
JLL’s Capital Markets arranged the sale of Robinson Manor in Universal City, Texas. The seller, 2205 Pat Booker LLC, disposed of the asset to A-Strategy Chloe Capital for an undisclosed amount.
The 44-unit community at 2205 Pat Booker Road was built in 1960 in an area that has registered a 68 percent population increase since 2000. The trend is likely to continue, as forecasts point to an additional 10 percent population increase over the next five years. The unit mix consists of one- to three-bedroom floorplans with hardwood floors, internet access and carpet. Common area amenities include a swimming pool, laundry facility and playground.
Senior Vice President Moses Siller led the JLL team. LS Realty Advisors, Inc.’s Rosalinda Hill represented the buyer.
“Robinson Manor is a terrific investment opportunity in one of the most active metro areas in the nation,” Siller said in prepared remarks. “Strategic investments to this value-add opportunity will pay huge dividends in the near future thanks to the region’s strong economic environment and projected market growth. We’re thrilled to play a role in this transaction.”
Image courtesy of JLL