WayMaker Ventures Acquires 191-Unit Multifamily Complex In San Antonio From Benefit Street Partners And Strategic Properties of America | 111 West Jones Avenue | Horizon Bank | Roberto (Robert) Arzola, Ryan McBride, Robert Wooten, Christopher (Chris) Roper | MultiFamily | Sale

Summary

Sale

TEXAS

MultiFamily

The Jones & Rio downtown apartment complex, located at 111 West Jones Avenue in San Antonio, comprising 191 units, has been acquired by WayMaker Ventures LLC, an Austin investment firm. The property was previously owned by Benefit Street Partners and Strategic Properties of America.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: Not Disclosed
Buyer: Jamie Dougherty - WayMaker Ventures
Seller: David Manlowe - Benefit Street Partners; Saul Kuperwasser - Strategic Properties of America
Brokers: Christopher Roper, Robert Wooten, Robert Arzola & Ryan McBride - JLL
Lender: Horizon Bank

WayMaker Ventures secured a $13 million loan from Horizon Bank as part of the acquisition. The property transaction reflects the active real estate market in San Antonio's River North area, with various developments and infrastructure improvements ongoing in the vicinity.

Players

All
6

Agents
4
Agencies
1
Lenders
1

Roberto (Robert) Arzola

Director, Capital Markets

$33M Sold

Ryan McBride

Senior Director

Robert Wooten

Senior Managing Director

Christopher (Chris) Roper

Multifamily Investment Sales Analyst

JLL

Horizon Bank

Details

Deal Summary

SOLD

IMAGE: David Manlowe, Christopher Roper, Robert Wooten, Robert Arzola & Ryan McBride DATE: 04/30/2024 ADDRESS: 111 West Jones Avenue MARKET: San Antonio ASSET TYPE: Multifamily ~ UNITS: 191 BUYER: Jamie Dougherty - WayMaker Ventures SELLER: David Manlowe - Benefit Street Partners; Saul Kuperwasser - Strategic Properties of America BROKERS: Christopher Roper, Robert Wooten, Robert Arzola & Ryan McBride - JLL (@JLL) LENDER: Horizon Bank NOTE: WayMaker Ventures LLC, an Austin investment firm, has acquired the Jones & Rio downtown apartment complex at 111 W. Jones Ave. in San Antonio. The property, comprising 191 units, was previously owned by Benefit Street Partners and Strategic Properties of America. WayMaker Ventures secured a $13 million loan from Horizon Bank as part of the transaction, although specific terms of the deal were not disclosed. The acquisition reflects ongoing real estate activity in San Antonio's River North area, with various developments and infrastructure improvements underway in the vicinity.

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Address111 West Jones Avenue

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