SAN ANTONIO—The combination of a nearly full lease-up and upper-tier demographics make for an attractive asset in terms of an acquisition opportunity. Such was the case for the Grand at the Dominion, a 320-unit class-A luxury community built in 2015.
The property was recently sold by Embrey, a commercial real estate investment company with development, construction and property management operations. The buyer was Bluerock Real Estate LLC of New York City, a private equity real estate asset manager with a focus on core-plus value-add development investment strategies.
ARA Newmark vice chairman Pat Jones represented the seller. The sale price was undisclosed.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
