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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.

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