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Carrington Place Fills Quality Rental Housing Void in Boerne
Brixton Capital recently acquired Carrington Place, a 172-unit multifamily property in the San Antonio suburb of Boerne, from Dallas-based MHP Capital Inc. for an undisclosed price. The 133,864-square-foot apartment complex was built in 2003.
The property is located at 825 Johns Rd. off Interstate-10 surrounded by the Texas Hill Country and minutes from San Antonio.
“Boerne is a highly desirable growing area of San Antonio with a shortage of quality rental housing,” said Jim Hamilton, Brixton Capital’s vice president of acquisitions. “We’re excited by the opportunity to enhance the property through strategic physical upgrades and improvements to operations.”
Brixton Capital plans to rebrand the class-A property and complete several property improvements including upgrades to the complex’s building exteriors, amenity spaces and unit interiors. United Apartment Group will manage the property.
Colton Burch of Rowan Multifamily Advisors represented Brixton Capital in the transaction, while Robert Arzola of JLL represented MHP Capital Partners.
- ◦Sale/Acquisition
