SAN ANTONIO—Investors, tourists and residents can't seem to get enough of San Antonio. Its impressive infrastructure expenditures and mild winter climate have made it a top US getaway, according to CBRE's latest MarketFlash. Another example of this appeal is in the form of multifamily acquisitions and subsequent management assignments.
The latest assignment is by Mission Rock Residential LLC, which has acquired management of Meridian Luxury Apartment Homes located in the Alamo Heights neighborhood. Mission Rock is working on behalf of Hamilton Zanze Real Estate Investments, bringing the growth in the San Antonio submarket to a total of three for 2016. Sister communities recently acquired in the submarket include The Niche Apartments and The BLVD at Medical Center Apartments.
“Mission Rock Residential continues to grow its management portfolio in key markets across the United States,” Mission Rock Residential president Patricia Hutchison tells GlobeSt.com. “Mission Rock most recently acquired the management of Meridian Apartments, which will bring the total number of managed units in San Antonio to 1,022. Meridian is a great addition to our portfolio, with a rich amenity package and an upscale living environment. Located in Alamo Heights, Meridian is in a location where people want to live and companies want to be.”
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
