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RangeWater Expands in San Antonio with the Acquisition of Legacy Heights

RangeWater Real Estate has acquired Legacy Heights, the 306-unit, garden-style apartment community located at 1320 Austin Way in Terrell Heights. This is the company’s third acquisition in this market and second transaction since July 2021.

“San Antonio is a major focus in our team’s continued expansion west,” said Steven Shores, chairman and CEO of RangeWater. “The city’s rapid growth has created demand for better housing that we are eager to deliver. Legacy Heights is a welcome addition to our growing San Antonio portfolio, and we will invest in improvements to make this a best-in-class community.”

RangeWater plans to invest significant capital to update the amenities, common areas and interiors of these homes, which were built in 2009. This includes enhancing the pool area, activating more green space, replacing lighting and appliances with more energy efficient selections and rehabbing the gym and lobby, all of which will bring the homes to the standard of the company’s highly appointed portfolio, which spans the Sunbelt

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About Erik Hamilton

Erik Hamilton, who has more than 15 years in CRE journalism, is a former staff writer with the Los Angeles Times and the Orange County Business Journal. In addition to The Times and the OCBJ, he was also a reporter and editor for Crittenden Research, The San Bernardino Sun and UPI. Erik also worked six years in CRE public relations with Los Angeles-based Hoyt Organization, where he was a Senior Account Executive. He later joined Lee & Associates where he served as the Director of Corporate Communications. There ,in addition to his work with Lee’s CEO, he managed 57 offices nationwide and provided PR, social media and media training for the offices. A graduate of UC Irvine, with a BA in history, he is an avid record collector where he continues to search for a rare Joy Division single.

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