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Kairoi Residential Acquires 612-Unit Signature Ridge Apartment Complex In San Antonio For $88M

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SOLD

Texas

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MultiFamily
Sold 07/06/2023
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Property Image
SOLD

Kairoi Residential Acquires 612-Unit Signature Ridge Apartment Complex In San Antonio For $88M

3711 Medical Dr San Antonio, TX 78229, USA

See Similar Deals
MultiFamily
Sold 07/06/2023
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Sale

Kairoi Residential, led by Michael Lynd, has acquired the Signature Ridge apartment complex in San Antonio. The multifamily property, located at 3711 Medical Drive, consists of 612 units ranging from one to three bedrooms. The transaction was facilitated by CBRE Investment Management, who acted as the seller. The property, valued at $88 million, offers amenities such as a pool and fitness center.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $88 million
  • Units: 612
  • Address: 3711 Medical Drive, San Antonio
  • Buyer: Kairoi Residential - Michael Lynd
  • Seller: CBRE Investment Management
  • Lender: Berkeley Point Capital

Kairoi Residential, represented by Michael Lynd, successfully completed the purchase of the Signature Ridge apartment complex. CBRE Investment Management played a significant role in the transaction as the seller. The property, valued at $88 million, offers residents a range of one to three-bedroom units and various amenities, including a pool and fitness center.

Players

ML
Michael Lynd
3 deals$189M volume
BUYER
CBRE
CBRE
SELLER
Newmark Knight Frank (Berkeley Point Capital)
Newmark Knight Frank (Berkeley Point Capital)
LENDER

Details

SOLD
IMAGE: Michael Lynd DATE: 07/06/2023 ADDRESS: 3711 Medical Drive MARKET: San Antonio ASSET TYPE: Multifamily ~ UNITS: 612 BUYER: Kairoi Residential (@KairoiResidential)- Michael Lynd SELLER: CBRE Investment Management (@CBRE) LENDER: Berkeley Point Capital NOTE: Kairoi Residential has purchased the 612-unit Signature Ridge apartment complex in San Antonio from CBRE's investment management division. The property, valued at $88 million, features one- to three-bedroom units and offers amenities such as a pool and fitness center.

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