Updated Oct 16, 2025
Kairoi Residential Acquires The Jax Multifamily In San Antonio For $28 Million
12222 Vance Jackson Road
$28,000,000
Units
322
Asset Type
MultiFamily
Closing
Oct 9, 2025
About this deal
AI
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.
Players
San Antonio MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
About $87K per unit across 322 units on a published $28M (2025).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93