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Bulk of Rent Growth is Among Renters by Necessity

Development is primarily associated with lifestyle, i.e. renter by necessity and workforce markets, concentrated in the San Antonio northern submarkets of Beckman/New Braunfels and the urban core.

Crown Ridge apartments Bluerock Real Estate shelled out $188.8 million for a portfolio that included Crown Ridge in San Antonio.

SAN ANTONIO—In a recent report by Commercial Café, the priciest apartment communities sold in 2017 were explored. In terms of buyers, there is one familiar name that dominates the top 50.

Blackstone Group was the most active buyer in 2017, with seven deals closed, trading more than $2 billion-worth of multifamily assets, most of those through its subsidiary, LivCor. The company closed six deals through this subsidiary, as well as a separate $199 million sale.

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Lisa Brown

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.

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