Avocet Apartments, a 336-unit multifamily property, recently closed in the fast-growing area of San Antonio.
SAN ANTONIO—The $51.74 million sale of Avocet Apartments, a 336-unit multifamily property, recently closed in this fast-growing and affluent westside area. Located at 11340 Alamo Ranch Pkwy., all of the units at Avocet Apartments boast 9-foot ceilings, high-end finishes, and select units feature a separate dining area and sun room. Built in 2017, the community includes amenities such as a large clubhouse, pool, 24-hour fitness center, business center, coffee bar, car care center, dog park and covered parking.
Greystone Brown Real Estate Advisors acted for both parties in the transaction, advising the seller, Stone River, as well as the buyer, Benimax. The transaction was handled by Taylor Brown, Steve Mack and Bo Brown.
“I'm very pleased with our team's ability to work through the challenges and obstacles this sale presented,” said Bo Brown, president, Greystone Brown Real Estate Advisors.
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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.
