GVA Real Estate Now Owns 244-Unit Kenton Place

GVA Real Estate Group struck a deal with Bruggeman Properties LLC for ownership rights of Kenton Place, a 244-unit apartment complex on San Antonio’s northeast side. JLL’s Moses Siller and Zar Hero represented the seller in the transaction. JLL also secured acquisition financing on behalf of the buyer through NXT capital. Mark Brandenburg and CW Sheehan with JLL led the financing efforts.

From his viewpoint, Sheehan indicated that due to cap rate compression across Texas, investors “are realizing that San Antonio continues to offer an attractive opportunity to invest.” He added that the northeast side is drawing interest, due to job growth along the Interstate 35 corridor between Austin and San Antonio.

Kenton Place, at 14650 Nacogdoches Rd., offers one, two and three-bedroom units. Amenities include two pools, three sports courts, a children’s play area, fitness center and dog park.

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