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

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.