Kairoi Residential Acquires The Jax Multifamily In San Antonio For $28 Million

The Jax is a multifamily asset with 322 units located at 12222 Vance Jackson Road in San Antonio. The property was constructed in 1996 and is positioned within a growing market, showcasing significant residential potential. Kairoi Residential secured $28 million in Fannie Mae financing to facilitate its acquisition of the apartment complex from FCP.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $28,000,000
• Units: 322
• Address: 12222 Vance Jackson Road
• Market: San Antonio
• Landlord: Michael Lynd Jr. - Kairoi Residential

JLL Capital Markets played a key role in brokering the sale of The Jax, reflecting its expertise in handling multifamily transactions. This financing arrangement supports Kairoi Residential's strategy to enhance and manage the property effectively in the competitive San Antonio market.