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Infrastructure Jolt Vaults San Antonio to Tourism/Investor Powerhouse

SAN ANTONIO—San Antonio's infrastructure expenditures and mild winter climate have made it a top US getaway and popular choice for multifamily acquisitions and subsequent management assignments.

By Lisa Brown | lisabrown | Updated on January 12, 2017

Meridian Luxury Apartments Meridian Luxury Apartment Homes is located in the Alamo Heights neighborhood.

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.

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