Lev Investments Acquires San Antonio Asset
- Jan 17, 2019
Lev Investments has purchased Liberty Ridge, a 62-unit community in northwest San Antonio. According to Yardi Matrix data, a private investor sold the property and the transaction was subject to a $2.7 million Fannie Mae loan originated by Hunt Real Estate Capital. The asset was fully occupied at the time of the sale.
Located at 5940 NW Loop 410, Liberty Ridge is 12 miles northwest of downtown San Antonio, adjacent to Interstate 410. The property is within a four-minute drive of several shopping, dining and entertainment venues, including Ingram Park Mall and a Walmart Supercenter. The campus of St. Mary’s University is within a 10-minute drive.
Completed in 1981, the six two-story buildings occupy roughly 2.4 acres. Of the 62 units, 54 are one-bedroom and range from 575 to 740 square feet, while the remaining eight are two-bedroom, 960-square-foot apartments. Common-area amenities include a swimming pool and laundry facilities.
Image courtesy of Yardi Matrix