(To read more on the multifamily market, click here.)
SAN ANTONIO-A 327-unit multifamily property in the northwestsubmarket sells after two years on the market. Santa Fe Place,selling for just under the $5.9-million ask at a 10% cap rate,required the assumption of a conduit loan.
Chivas West Apartments LLC in San Antonio bought the 91%-leasedcomplex five years ago, subsequently placing it on the market aspart of an overall portfolio sale. The buyer, a Southern Californiainvestment group, plans to renovate the property at 4210Fredericksburg Rd.
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