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SAN ANTONIO, TX-Sperry Van Ness of Irvine, CA has completed the sale of the Oaks ofMarymont Apartments in San Antonio to Bay Equities Residential for$13.85 million.The Oaks is a 27-building, 319-unit apartment community located at 8800Starcrest Drive.

Rex Jones of Sperry Van Ness in San Antonio represented the buyer BayEquities Residential, and the seller, Berkshire Realty.

“The Oaks sold well because the property is near the San AntonioInternational Airport, shopping, restaurants and businesses,” Jones said.

Built in 1975 of wood and stucco construction and situated on 16 acres ofland, this complex features, 84 one bedroom /one bathroom units, 26 twobedroom / one bathroom units, 14 two bedroom / 1/2 bathroom units, 163 twobedroom / two bathroom units, 24 three bedroom / two bathroom units and 8four bedroom / two bathroom units.

The community is 94% occupied with rents ranging from $520 to $1,025.

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