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Recent Buy Takes Advantage of Limited Multifamily Supply

SAN ANTONIO—The MSA continues to induce corporate relocations and expansions, along with commercial development, and when combined with a limited apartment supply, will continue to strengthen multifamily fundamentals.

Redlands Apartments The Redlands Apartments is a 280-unit class-A apartment community.

SAN ANTONIO—San Antonio is home to many businesses across a diverse array of industries including medical, financial, technology, data management, manufacturing, sustainability, aviation, defense, retail, office and transportation. As San Antonio continues to offer an elevated quality of life relative to other US cities, the MSA continues to induce corporate relocations, company expansions and commercial development.

This economic growth and limited apartment supply will continue to strengthen multifamily fundamentals in San Antonio, such as that exemplified in a recent Stone Oak submarket acquisition. The Bascom Group LLC acquired the Redlands Apartments, a 280-unit class-A apartment community. The property offers residents access to North San Antonio’s major employment corridors.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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