The property involved in the transaction is a 349-unit Class-A apartment community named Agave, located at 633 S St Mary's St, San Antonio, TX. It was newly constructed in 2016 and is recognized for its energy efficiency and designed by Michael Hsu Office of Architecture. The property includes an eight-story concrete parking garage and offers a mix of studio, one-, and two-bedroom units ranging from 547 to 1,299 square feet. Amenities of Agave include a rooftop Sky Lounge, clubhouse with resident lounge, resort-class pool area, and a state-of-the-art fitness club.

Summary of transaction details:

• Property Type: Apartment Community
• Transaction Amount: Not specified
• Address: 633 S St Mary's St, San Antonio, TX
• Market: San Antonio
• Buyer's Representative: Elie Rieder - Castle Lanterra Properties
• Seller: Greystar
• Year Built: 2016
• Number of Units: 349
• Floor Plans: 40

Elie Rieder, the founder and CEO of Castle Lanterra Properties, spearheaded the acquisition, marking the company’s entry into the San Antonio market. The seller was Greystar in a joint venture with The Carlyle Group. Austin Alexander, Managing Director at Castle Lanterra Properties, highlighted the property's status in a rapidly evolving city, emphasizing the growing appeal of San Antonio for young professionals and the anticipated rent growth in the area through 2020.