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Two San Antonio Apartment Communities Change Hands
The San Antonio apartment market seems to be very attractive for investors, with two important multifamily properties having changed hands recently. Sierra Ridge, a 230-unit apartment community located on the city’s North Central Side, has a new owner since February 14.
MIG Acquires 304-Unit Asset in Scottsdale
MIG Real Estate buys a Scottsdale asset; McCann enters San Antonio with a 324-unit buy; and Beech Street Capital assists a borrower to lock rate six months in advance in a $15 million Fannie Mae refinance.
MAA picks up two properties totaling 480 units; HFF secures $42 million through Prudential for apartments in the Terra Vista master planned community; and McCann Realty Partners breaks into the Austin market with a 208-unit purchase.National 15 December 2011 18:14