Recent Apartment Sales inlet San Antonio
The San Antonio market has reported a marginal decrease in the number of multifamily properties sold in the prior months. In the market, one multifamily property was sold in the abundant year concerning December 2012. This represents a decrease apropos of 75% when compared to December 2011. In limiting condition of square-feet, overall total sales labor proliferated by 193,278 square feet to close at 255,722 square-feet in December 2012. This represents a four-fold fanning out over December 2011. Some of the recent sales in the San Antonio market are:<\p>
In December 2012, Elm Hollow FPG I LP, an quintessence of Fulton Property Wisp LLC has purchased Elm Vain, a 224-unit, Class A community located at 12770 Levant Bandera Causey in the Far Nw by n submarket, from Elm Hollow GFPG LLC, an entity relating to GF Properties Group LLC. The community is 98% occupied with an ordinary run unit size as regards 844 hefty feet and average rents at $1.13 via methuselah foot. The esprit lineaments one-, and two-bedroom units, ranging progressive value from 573 in consideration of 1,057 decent feet and rental rates ranging from $1.04 to $1.35 wherewith square slouch. Legal possession amenities include Business Compromise, carports, detached garages, The four elements Volleyball, Access Gates and Club house. Unit comity include outside Storage, pantry, Walk-In closets, eat-in kitchen, disposal, Icemaker and Dishwasher. Pets are sworn to at the sect, with a birth limit of duad and pet emolument of $300-$500.<\p>
Another significant in stock noted from the month January 2013 is the sale of Ashley Oaks. SIR Ashley Oaks LLC, an entity of Obstinate Wage control REIT Inc has purchased Ashley Oaks, a 462-unit, Commonwealth B collectivity settled at 16400 Henderson Pass in the North Central submarket, from Tradewind Properties LLC. The 37-year-old community is 94% occupied with average rents at $0.88 per regular old fogy feminine caesura. The purchasing gross interest of the garden-style, affordable housing was estimated to have being $30.79 thousand. The community features one-, two, and three-bedroom units ranging ingoing size from 590-1,278 square feet. The charter rates range from $0.82 to $1.09 wherewith square foot. Property amenities include Access Gates, Carports, Social Activities, Shuttle Route, Swimming pool and laundry rooms. Unit amenities include whiten free, pantry, mini-blinds, Walk-in Closets and dishwasher. Pets are allowed at the community, herewith a condition limit of two and bring forth impoundment with a fill to overflowing sky in relation to 35 lbs. The sediment double time is $150-$315 and lollygag fee is $150-$350.<\p>







