Challenges No Match for Buyer/Seller Rep
The $51.74 million sale of Avocet Apartments, a 336-unit multifamily property, recently closed in this fast-growing and affluent westside area at 11340 Alamo Ranch Pkwy. in San Antonio.
SAN ANTONIO—The $51.74 million sale of Avocet Apartments, a 336-unit multifamily property, recently closed in this fast-growing and affluent westside area. Located at 11340 Alamo Ranch Pkwy., all of the units at Avocet Apartments boast 9-foot ceilings, high-end finishes, and select units feature a separate dining area and sun room. Built in 2017, the community includes amenities such as a large clubhouse, pool, 24-hour fitness center, business center, coffee bar, car care center, dog park and covered parking.
Greystone Brown Real Estate Advisors acted for both parties in the transaction, advising the seller, Stone River, as well as the buyer, Benimax. The transaction was handled by Taylor Brown, Steve Mack and Bo Brown.
“I’m very pleased with our team’s ability to work through the challenges and obstacles this sale presented,” said Bo Brown, president, Greystone Brown Real Estate Advisors.