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Michael J. Lynd, Jr. And Sam Kasparek Of Kairoi Residential Acquire 336-Unit Multifamily Property In San Antonio

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SOLD

Texas

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MultiFamily
Sold 05/14/2025
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SOLD

Michael J. Lynd, Jr. And Sam Kasparek Of Kairoi Residential Acquire 336-Unit Multifamily Property In San Antonio

423 Blue Star

See Similar Deals
MultiFamily
Sold 05/14/2025
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Sale

A 336-unit multifamily property located at 423 Blue Star in San Antonio was acquired. The asset, known as The Flats at Big Tex, is part of the local recovery in the multifamily sector.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Units: 336
  • Address: 423 Blue Star
  • Market: San Antonio
  • Buyer: Michael J. Lynd, Jr. & Sam Kasparek - Kairoi Residential
  • Broker: Newmark
  • Mortgage Broker: Braden Harmon - Newmark

Kairoi Residential's acquisition aligns with their strategy to invest in quality assets within growth markets. Newmark not only brokered the sale but also secured financing for the transaction.

Players

Braden Harmon
Newmark
Braden Harmon
4 deals$64.7M volume
BROKER
KR
Kairoi Residential
BUYER
KR
Kairoi Residential
BUYER

Details

SOLD
IMAGE: Michael J. Lynd, Jr., Sam Kasparek & Braden Harmon DATE: 05/14/2025 ADDRESS: 423 Blue Star MARKET: San Antonio ASSET TYPE: Multifamily ~ UNITS: 336 BUYER: Michael J. Lynd, Jr. & Sam Kasparek - Kairoi Residential (@KairoiResidential) BROKER: Newmark MORTGAGE BROKER: Braden Harmon - Newmark (@Newmark) NOTE: Kairoi Residential acquired The Flats at Big Tex, a 336-unit multifamily property in San Antonio’s Southtown, with Newmark brokering the sale and securing financing. The acquisition aligns with Kairoi’s strategy to invest in high-quality infill assets in growth markets amid a recovering local multifamily sector.

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