SAN ANTONIO—Bethesda, Md.-based RailField Realty Partners recently completed the acquisition of Signature Ridge Apartments, a 612-unit class A apartment complex in San Antonio.

“The Signature Ridge acquisition is very consistent with our strategy of buying well-located assets in stable markets,” Jon Siegel, parter with RailField, told GlobeSt.com. “We like the fundamentals of San Antonio, and the property's location at the Medical Center provides a strong base of jobs. We believe that there is significant upside with the asset to position it to be competitive with the newer product in the market at an attractive price point.”

The property was built between 2000 and 2003. RailField, founded in late 2013, plans to invest significant funds to enhance the asset, including upgrading both amenities and unit interiors.