MAA Acquires Texas Multifamily Community
- Aug 31, 2012
San Antonio—MAA, a real estate investment trust, has completed the acquisition of Haven at Blanco, a multifamily community in San Antonio.
Haven at Blanco, which contains 436 residential units, was originally developed in 2010. The apartments are an average of 1,063 square feet and feature 9-foot ceilings with crown molding, walk-in closets and granite countertops.
The community’s amenities include a private entrance gate and a swimming pool with cabanas and heated spa. Additionally residents have access to both attached and detached garages.
Haven at Blanco is also located in a convenient location. It is near San Antonio’s northwest job corridor, and offers access to major highways. The community is also convenient to USAA, which is San Antonio’s largest private employer, as well as the South Texas Medical Center, where 45 medically related companies are located.
“We are pleased to be expanding our footprint in the San Antonio market,” Al Campbell, EVP and CFO, MAA, said in a press statement. “We believe our operating platform in this economically diversified area will generate attractive investment returns for our shareholders.”