Dallas-Area Investor Snags 110-Unit Oakdell Way

A Dallas fund operated by Mara Poling LLC shook hands with Loboda Properties of California to acquire Oakdell Way apartments on San Antonio’s northwest side. The sales price was undisclosed, and the buyer borrowed $9.6 million from Bancorp Bank for the acquisition. Matt Michelson with Newmark Knight Frank represented the seller, which ended a seven-year hold on the asset.

The Class B apartment complex delivered in the late 1980s, and is situated on 6.5 acres at 6020 Danny Kaye Dr. The apartment complex is adjacent to the area’s medical center, offering two and three-bedroom units, which range from 1,028 to 1,140 square feet. Amenities include a pool and dog park, high-speed internet access and a grill and picnic area.

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