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Texas  + Apartments  | 

SA Affordable Portfolio Gets New Ownership

JLL Capital Markets closed the sale of, and arranged financing for, a five-property apartment portfolio totaling 844 affordable housing units in various San Antonio neighborhoods. The firm’s Moses Siller and Zar Haro marketed the portfolio on behalf of the seller, Terravista Partners, and procured the buyer, Pico Union Housing Corporation.

Additionally, working on behalf of the new owner, JLL’s Anson Snyder arranged an acquisition loan through Rialto Capital Management. Remaining loan proceeds will be used to renovate the properties.

The garden-style properties in the portfolio include Roselawn Apartments at 3346 Roselawn Rd. (120 units), Spanish Spur Apartments at 6835 Pecan Valley Dr. (160 units), Villas of Pecan Manor at 6840 Pecan Valley Dr. (160 units), Westwood Plaza Apartments at 2600 Westward Dr. (308 units) and Winston Square Apartments at 2506 S. General McMullen Dr. (96 units). Constructed between 1960 and 1976, units average 769 square feet across the portfolio.

Pictured: Roselawn Apartments.

For comments, questions or concerns, please contact Paul Bubny

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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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