L.A.-based firm scoops up apartment complex near San Antonio airport

2 years ago 349

Nov. 23, 2021

These apartments with a edifice benignant excavation are present nether caller ownership.

A Los Angeles steadfast is the caller proprietor of an flat analyzable adjacent the San Antonio airport.

San Francisco-based existent property concern institution Hamilton Zanze sold the Salado Springs apartments astatine 12727 Vista Del Norte to DB Capital retired of Los Angeles, according to a quality release.

A spokesperson for Hamilton Zanze declined to uncover the merchantability price. Salado Springs was past valued astatine $38.3 million, according to Bexar County spot records.

During its ownership tenure, Hamilton Zanze made important improvements.

The 325-unit Salado Springs was built successful 1997, but Hamilton Zanze made galore exterior and interior improvements since it took implicit the spot successful 2015.

The analyzable comes with one-, two- and three-bedroom units averaging 856 quadrate feet. It besides has a resort-style excavation and spa, 24-hour fittingness center, movie theater, picnic country with barbecues, covered parking, and a canine park.

Monthly rent presently averages $1,080 to $1,820 according to Apartments.com.

It's unclear what the alteration successful ownership means for residents. MySA reached retired to DB Capital for comment.

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