SAN ANTONIO-Sendera Investment Group LLC has made its first acquisition in more than two years, paying roughly $15 million for the 252-unit Paseo Pointe Apartments here.

The Austin, TX-based firm nabbed the class A- property in an off-market deal from American Opportunity for Housing and American Agape Foundation Inc., a local non-profit organization. Mike Miller with Hendricks & Partners represented both the buyer and the seller in the transaction.

Sendera entered the San Antonio market in 2008 with the purchase of Rosemont Olmos Park, a 144-unit, class A apartment community, and has been looking to grow its local presence since then. “We’ve been aggressively pursuing properties in San Antonio, but we’ve been getting out bid for the most part,” says Christopher Davis, principal of Sendera. “A lot of interest has popped up in San Antonio over the past 12 months.”