X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN ANTONIO-Tarragon Realty Advisors has purchased the Forest Oaks Apartments with $2.5 million financing arranged by Holliday Fenoglio Fowler. The 166-unit complex in San Antonio’s northwest submarket is 99% occupied.

Mona Keeter Carlton, senior director of Holliday Fenoglio Fowler’s Dallas office, arranged the seven-year, adjustable rate refinancing on behalf of Tarragon through Lend Lease Real Estate Investments’ Freddie Mac lending program. The seller was Forest Green Associates LP, based in Dallas.

Tarragon, with headquarters in New York and Dallas, is a real estate development, acquisition and management company. It controls about 20,000 apartment units and almost 2.5 million sf of commercial space throughout the US.

Forest Oaks, situated at 6313 Evers Rd., was built in 1972. It is managed by Pacific West Management. The community’s one-, two- and three-bedroom apartments include a private patio and balcony, central air conditioning, closet and storage areas and appliances. The three-bedroom apartments have washer and dryer connections. The complex has covered parking, laundry facilities, a swimming pool and Jacuzzi, clubhouse and on-site management and maintenance.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.