‘Boom town’: California firm’s acquisition of Rim-area apartments continues trend in San Antonio
An apartment complex at the Éilan community near The Rim has been sold by one California company to another California company.
But in the latest notable acquisition, a company affiliated with Interwest Capital Group of San Diego bought the 539-unit Arrive Éilan complex from San Francisco-based FPA Multifamily in late September, deed records show.It’s unclear what Interwest paid for the 17.2-acre property at 17101 La Cantera Parkway, which the Bexar Appraisal District values at $123 million.
The 120-acre community includes apartments, offices, restaurants, stores and a hotel around a piazza. Its Tuscan-style design features multicolored stucco exteriors, stone facades and clay-tiled roofs.The company is “laser-focused on acquiring underperforming real estate investments and distressed debt,” buying properties with potential and turning them into “best-in-class assets,” according to its website.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Former San Antonio officer who shot teen in McDonald's parking lot arrestedJames Brennand — a former San Antonio Police Department officer who shot and critically wounded a teenager who was eating in his car in a McDonald's parking lot — has been arrested and charged with assault.
Les mer »
San Jose club continues to send hurricane relief to Puerto Rico, champions culture locally'One person can make a difference,' said Acevedo Campbell with the San Jose Puerto Rican Civic Club, '...thinking about the future and what that future holds for our island.'
Les mer »
San Francisco police investigate 2 separate shootings stemming from armed robbery, argumentPolice in San Francisco are investigating two separate incidents -- an armed robbery and an argument -- that led to two men being shot early Tuesday morning, according to authorities.
Les mer »
Aurora leaders hope to apply lessons learned in Houston, San Antonio to Colorado homelessness crisisThe goal of the trips was to research how Houston and San Antonio use their resources to address homelessness, including housing, addiction treatment programs and access to job training. via AmyWadas
Les mer »