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Texas  + Apartments  | 

DJE Makes Sixth San Antonio Acquisition

The Multifamily Group (TMG) recently sold Spanish Keys Apartments in San Antonio. TMG senior advisors Chris Siemasko and Bryce Smith worked with the Dallas-based seller and procured the buyer, locally-based DJE Texas Management Group.

The sale is the 10th transaction in San Antonio that TMG has closed in the past 18 months. An additional five deals are in escrow.

Spanish Keys was built in 1965 and consists of 154 units. It provides an opportunity for the new owner to add value to the property by performing both interior and exterior renovations. The property’s submarket has an average rental rate of $790/month, ranking it 14th out of 41 submarkets in San Antonio.

This will be DJE’s sixth acquisition in the San Antonio market. “It is so nice to work with investors that know the market and have confidence in their business model,” said Smith.

For comments, questions or concerns, please contact Paul Bubny

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Connect With TMG’s Smith and SiemaskoConnect With DJE

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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