Search
 

Tryperion Closes First San Antonio Buy

SAN ANTONIO-The Los Angeles buyer teams with Dallas-based Presidium Group to acquire the 252-unit Oakwell Springs in a value-add play. Eliot Bencuya with Tryperion tells GlobeSt.com's Amy Wolff Sorter why the deal was so compelling.

By Amy Wolff Sorter | Updated on September 19, 2013

SAN ANTONIO-Tryperion Partners, through its Real Estate Fund I LP, has entered the San Antonio area with it buy of the 252-unit Oakwell Springs apartments. The Los Angeles buyer teamed with Dallas-based Presidium Group on the buy, with plans to upgrade and reposition the property.

According to Tryperion’s Eliot Bencuya, his company had reached out to Presidium Group at the beginning of summer, 2013 to seek out potential transactions in San Antonio. Ultimately, Oakwell Springs, at 1946 NE Loop 410 provided a solid asset in an area with good economic fundamentals, “but not the same price premiums as coastal properties,” Bencuya tells GlobeSt.com. “We like deals that have some cash flow, as well as some opportunity to create upside. We want to make the assets in the communities they serve better.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.