Orion Real Estate Partners Acquires MultiFamily Property In San Antonio

The Maxwell Townhomes, a 316-unit value-add multifamily community, have been sold in San Antonio. The property, located at 11146 Vance Jackson Road, sits on a 23-acre site and features a mix of one-, two-, and three-bedroom units with an average size of 1,016 square feet. Built in 1982, the exterior and common areas have undergone significant enhancements over recent years. The community offers various amenities such as two swimming pools, a fitness center, clubhouse, playground, putting green, sport court, and dog park.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: Not disclosed
• Market: San Antonio
• Seller's Rep: Matt Michelson (Newmark), Patton Jones (Newmark)
• Buyer: Orion Real Estate Partners

Patton Jones and Matt Michelson of Newmark represented the seller, Resource REIT, in the sale of the Maxwell Townhomes. On the buying side was Orion Real Estate Partners, a firm specializing in value-add multifamily assets across the western U.S. Resource REIT, a self-managed real estate investment trust, owns a collection of apartment communities in selected markets, aligning with the property's investment profile.