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With nearly 20 million square feet delivered this year, this won't be an over-supply if 2015 is any indication; nearly 20 million square feet of new space arrived that year and almost all has been absorbed.
An off-market acquisition is an opportunity for a value-add play and further proof in the performance of San Antonio's multifamily market as solid and steady with a growing national investment presence.
Orange Housing Development Corp. and C&C Development complete construction on the Lemon Grove Apartments, a new workforce-housing community developed on a former industrial site here.
In an 8-K filing with the Securities and Exchange Commission on Tuesday, Trinity Financial revealed the lender in the $189.5-million deal is Massachusetts Life Insurance Co.