Investors Management Group Acquires Multifamily Property In San Antonio For $33M

The multifamily property located at 24442 US-281 in San Antonio has been sold for a price of $33,000,000. The transaction took place on April 26, 2021.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $33,000,000
• Address: 24442 US-281, San Antonio
• Market: San Antonio
• Units: 228
• Price Per Unit: $144,737

The buyer of the property is Investors Management Group, represented by Neil Schimmel and Karlin Conklin. The transaction was facilitated by brokers Sean Sorrell, Greg Toro, and Robert Arzola from JLL Capital Markets.