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Pre-Emptive Buyer Cuts Through Off-Market Status

The combination of a nearly full lease-up and upper-tier demographics make for an attractive asset in terms of acquisition, as in the case for the Grand at the Dominion, a 320-unit class-A luxury community.

By Lisa Brown | lisabrown | Updated on October 17, 2017

The Grand at the Dominion The Grand at the Dominion is a 320-unit class-A luxury community built in 2015.

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.

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