First Capital Advisors Acquires 192-Unit San Antonio MF Property
Real estate investment and management firm First Capital Advisors has acquired The Joseph at Huebner, a 192-unit value-add multifamily community located in North Central San Antonio. The sales price was not disclosed.
The Joseph at Huebner is a 192-unit, garden-style multifamily community located at 11660 Huebner Road. The community features a mix of one- and two-bedroom units spread across 16 buildings, with an average unit size of 846 square feet. Originally built in 1983, the seller has invested more than $1.8 million in exterior and common area improvements and partial interior upgrades. Amenities include a pool, gazebo with outdoor grilling station, fitness center, controlled access and dog washing station.
Matt Michelson and Patton Jones of Newmark represented the sellers in the transaction, a strategic partnership between RSN Property Group and Wildhorn Capital, both boutique multifamily investors and operators.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.