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JLL announces sale of Cordoba Apartments
San Antonio, Texas, September 7, 2016 – On behalf of Calton Investments Inc., JLL's Capital Markets experts today announced the firm completed the sale of the Cordoba Apartments in San Antonio, Texas. Brugge Properties has purchased the 260-unit, multifamily property.
Managing Director Scott LaMontagne, Senior Vice President Moses Siller and Senior Vice Presidents Zar Haro led the JLL team on the deal.
"San Antonio is one of the most economically sound markets in the nation," said LaMontagne. "This property is a great investment with tremendous upside and the opportunity for value-add renovations."
The Cordoba Apartments has convenient access to Interstate 10 and Loop 410 in the northwest portion of San Antonio. Located minutes from downtown, this property is near several of the city's top employers, including USAA, Methodist Healthcare, and Christus Santa Rosa, and conveniently located near several retail and entertainment centers, including The Shops at La Cantera, The Rim, and Huebner Oaks Center.
The 149,264 square-foot, garden style apartment community consists of 24 two- and three-story residential buildings across near eight acres. The complex features a swimming pool, on-site clothing care facilities, and a tennis court.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2015 alone, JLL Capital Markets completed $140 billion in investment sale and debt and equity transactions globally. The firm's Capital Markets team comprises more than 2,000 specialists, operating all over the globe.
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About JLLJLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $59.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
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