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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
- ◦Sale/Acquisition

