Ricardo Pagan Of Claridge Properties Acquires Barcelo Apartments From Fannie Mae In San Antonio

The property asset involved in the transaction is a multifamily unit known as Barcelo Apartments, located at 3501 Pin Oak Drive in the San Antonio market. The asset comprises 288 units and offers a total square footage of 271,000. The seller of the property is Fannie Mae, which foreclosed on GVA Equities before the sale.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not disclosed
• Buyer: Ricardo Pagan - Claridge Properties
• Seller: Fannie Mae
• Broker: Alex Sampson
• Units: 288
• Square Footage: 271,000
• Address: 3501 Pin Oak Drive
• Market: San Antonio
• Current Status: Vacant
• Planned Renovation: Full renovation by Claridge Properties
• Leasing Start Date: Mid November

Claridge Properties, represented by Ricardo Pagan, has acquired Barcelo Apartments with plans for a full renovation of the vacant property. The transaction was facilitated by broker Alex Sampson, who played a role in bringing both parties together in this closed real estate deal.