Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Sale
The property involved in the transaction is Brooks Townhomes, a multifamily asset comprising 135 units located at 7200 S Presa St, San Antonio, TX, 782. Built in 1974, the property offers one- and two-bedroom units along with amenities including a pool, playground, basketball court, outdoor grilling and dining areas, and onsite laundry facilities. The market for this property is San Antonio.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 7200 S Presa St, San Antonio, TX, 782
- Market: San Antonio
- Seller: Achieve Investment Group
- Seller's Representative: Bryan VanCura - NorthMarq
- Buyer: Convergence Capital Management
- Representatives involved: Zar Haro, Moses Siller, Bryan VanCura, Phil Grafe of NorthMarq
The transaction featured the brokerage representation by NorthMarq, which acted on behalf of the seller, Achieve Investment Group, and successfully procured the buyer, Convergence Capital Management. Following the acquisition, the buyer intends to implement a value-add program for the property.
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