San Antonio
Electra America Snags 6th San Antonio Community
The company has purchased the 366-unit Firewheel Apartments, located in the North Hampton neighborhood. Berkadia’s South Florida team arranged the financing.
Hines to Develop 1st San Antonio Community
Designed by Meeks + Partners, the 396-unit community will be built within The RIM, a 1.8 million-square-foot mixed-use development. Construction is set to begin in the first quarter of 2018 with occupancy in spring of 2019.
JLL Secures Acquisition Financing for San Antonio Assets
JLL arranged financing on behalf of REEP Equity. The communities were both built in the 1980s and present value-add opportunities.
Hamilton Zanze Expands San Antonio Portfolio
The company acquired Quarry Townhomes, located in the Alamo Heights submarket. The 150-unit community was purchased from Ares Management with a $19.7 million loan held by Freddie Mac.
NRP Group Launches Third-Party Construction Unit
NRP Construction will be involved in residential construction projects in Texas. The company’s specialty is design-assist and design-build.
New Supply Tempers Rent Growth in San Antonio
The metro’s economy continues to appeal to both investors and developers. Upcoming supply is robust, with more than 8,000 units under construction and another 10,000 in the planning stage.
ARA Newmark Closes Sale of San Antonio Community
The 320-unit Grand at the Dominion is located in northwest San Antonio and was 94 percent leased at the time of the transaction. The asset was acquired by Bluerock Real Estate.
Dougherty Mortgage Closes $10M Loan for San Antonio Sale
The company closed a 12-year Fannie Mae financing loan for the acquisition of a 168-unit community located in San Antonio’s North Loop submarket.
ArborCrowd Turns to Crowdfunding for San Antonio Asset
The online commercial real estate company and crowdfunding platform is seeking investors for Quarry Station Apartments, an Alamo Heights community formerly known as The Crescent.
Electra America Buys 5th San Antonio Property
Built in 2013, Pecan Springs is a 344-unit garden-style community. The property is currently 95 percent occupied.