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WayMaker Ventures Acquires 191-Unit Multifamily Complex In San Antonio From Benefit Street Partners And Strategic Properties of America

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SOLD
Roberto (Robert) Arzola
Ryan McBride
Robert Wooten
+ 1

Texas

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WayMaker Ventures Acquires 191-Unit Multifamily Complex In San Antonio From Benefit Street Partners And Strategic Properties of America

111 West Jones Avenue

See Similar Deals
MultiFamily
Sold
Roberto (Robert) Arzola
Ryan McBride
Robert Wooten
+ 1
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Sale

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:

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

Ryan McBride
JLL
Ryan McBride
10 deals
BROKER
Roberto (Robert) Arzola
JLL
Roberto Arzola
10 deals$33M volume
BROKER
Robert Wooten
JLL
Robert Wooten
5 deals(512) 532-1925
BROKER
Christopher (Chris) Roper
JLL
Christopher Roper
1 deal(210) 782-3687
BROKER
Horizon Bank
Horizon Bank
LENDER

Details

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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