River Rock Capital Acquires Property At 2355 Austin Hwy San Antonio With Seller's Rep Newmark

The sale involved Alamo Park, a 309-unit apartment community located at 2355 Austin Hwy, San Antonio, TX. The property includes one- and two-bedroom units with an average size of 658 square feet. Amenities for residents consist of a pool, fitness center, volleyball court, and outdoor grilling and dining areas. Alamo Park was reported to be 94 percent occupied at the time of sale.

Summary of transaction details:

• Property Type: Apartment Community
• Transaction Amount: Undisclosed
• Address: 2355 Austin Hwy, San Antonio, TX
• Market: San Antonio
• Seller's Representative: Matt Michelson, Chase Easley, James "Jim" Young - Newmark
• Buyer: River Rock Capital
• Previous Owner: Achieve Investment Group
• Average Unit Size: 658 square feet
• Occupancy Rate at Sale: 94 percent

Jim Young, Matt Michelson, and Chase Easley from Newmark represented Achieve Investment Group in this transaction, facilitating the deal for the asset purchased by River Rock Capital, which plans to implement a value-add program for the community.