Michael J. Lynd, Jr. Of Kairoi Residential Acquires 322-Unit Community In San Antonio From FCP

The property asset involved in the transaction is a multi-family apartment community located at 12222 Vance Jackson Road in San Antonio. The property consists of 322 units and was previously owned by FCP for three years.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: Not disclosed
• Buyer: Michael J. Lynd, Jr. - Kairoi Residential
• Seller: FCP
• Brokers: Roberto (Robert) Arzola, Robert Wooten & Ryan McBride - JLL
• Market: San Antonio
• Units: 322
• Acquisition Loan Amount: $28 million

Kairoi Residential acquired the property known as The Jax, with the transaction facilitated by JLL, which also arranged the Fannie Mae acquisition loan for the deal. The brokers representing the transaction were Roberto (Robert) Arzola, Robert Wooten, and Ryan McBride from JLL.