Updated Oct 29, 2024
Two Ten Management Acquires RiverBend Apartment Homes In San Antonio
8237 S Flores St San Antonio, TX 78221, USA
Units
200
Asset Type
MultiFamily
Closing
Jun 20, 2023
About this deal
AI
The newly renovated RiverBend Apartment Homes, a 200-unit multifamily property, has been purchased by Two Ten Management in San Antonio, Texas. Located at 8237 South Flores Street, this gated community offers resort-style pools, a clubhouse, and various amenities. The acquisition was facilitated by Northmarq.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 200
- Market: San Antonio
Two Ten Management, represented by Mauricio Ramos, acquired the RiverBend Apartment Homes from Regional Investment and Management. The purchase was brokered by Northmarq.
Players
Texas MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93