SAN ANTONIO—Orem, UT-based Keller Capital has acquired Bell Tower, a 104-unit, 92-percent-occupied multifamily asset in northwest San Antonio. ARA, A Newmark Co. (ARA Newmark) brokered the sale.
ARA Newmark managing director Matt Michelson represented the seller, a private investment group based out of California.
"Competition on the deal was steep,” Michelson told GlobeSt.com. “We had multiple offers on the table prior to the official offer date. This further illustrates the continued strength in the San Antonio investment market for multifamily."
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