NYC Investor Snags Nexus Urban Living

New York City investor Nathan Mann snagged Nexus Urban Living, a 75-unit, recently- renovated apartment complex in San Antonio. Zar Haro, Moses Siller and Robert Arzola with JLL represented the local seller, 811 Darby LLC, in the transaction.

The property, which delivered in the mid-1960s, is situated on three acres at 6810 Glendora Ave., and includes a swimming pool and new picnic tables. The seller invested $2.4 million in capital improvements during its hold; and occupancy was 96% at closing.

“San Antonio is one of the most active multifamily markets in the U.S.,” Haro said, adding that tremendous investment opportunities exist across many product types and class levels. The Nexus Urban Living transaction is “the latest example of what’s driving investor interest from across the country,” Haro said.

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