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302-Unit Rivera Apartments Trades to Houston Investment Firm

The Barvin Group acquired the Rivera Apartments, a 302-unit multifamily complex located between San Antonio’s downtown and Pearl District areas. The Houston-based buyer bought the property from Cypress Real Estate Advisors for an undisclosed price. Newmark Knight Frank’s Patton Jones and Matt Michelson represented the Austin-headquartered seller in the transaction.

Argyle Residential developed Rivera Apartments, which opened in 2017. The complex at 1130 Broadway St. has a mix of studios, and one and two-bedroom layouts, ranging from 572 to 1,410 square feet. Amenities include a fitness center, swimming pool, dog park, conference room, enclosed bicycle parking, outdoor kitchen and conference room.

Jones indicated that the asset “attracted an array of investors eager to acquire a luxury asset in the heart of San Antonio’s urban core.” He also said the property’s appeal was its easy access to San Antonio’s River Walk and Pearl District.

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About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

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