JW Capital Management Acquires 278-Unit Republic At Alamo Heights Multifamily In San Antonio For $47.8M

The 278-unit Republic at Alamo Heights apartment property located at 1111 Austin Highway in San Antonio has been sold by ResProp Management to JW Capital Management. The property, valued at $47.8 million, offers a variety of units and amenities including a pool, fitness center, clubhouse, and Zen garden.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $47.8 million
• Units: 278
• Market: San Antonio

JW Capital Management, represented by Samuel Jesselson and Jason Warsavsky, has purchased the property from ResProp Management. The lending for this transaction was provided by KeyBank. The deal represents JW Capital Management's interest in expanding their multifamily portfolio in San Antonio. The purchase of Republic at Alamo Heights aligns with their investment strategy to acquire properties with strong potential for rental income and growth.