The 360-unit San Antonio multifamily complex was bought by One Real Estate Investment (OREI), a Miami Beach firm. Built in 1985, the Axio was due for a renovation. OREI put $6 million into the common areas and the units.
Axio is OREI’s second multifamily acquisition in San Antonio and has a number of other holdings in the Texas towns of Houston, Dallas, College Station and Austin. It has acquired and sold over 11,000 apartment units nationwide since 2001.
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.