JLL completes sale of newly renovated San Antonio multifamily asset
Capital improvements and rent growth potential drive investor interest
SAN ANTONIO, April 4, 2019 – JLL Capital Markets experts announced today the successful sale of Nexus Urban Living in San Antonio. The 75-unit, recently updated multifamily asset, located at 6810 Glendora Road, was acquired by Nathan Mann, a New York City buyer.
JLL Senior Vice President Zar Haro lead the marketing and sales effort of the property, along with Senior Vice President Moses Siller and Vice President Robert Arzola, on behalf of the seller, 811 Darby, LLC.
“San Antonio is one of the most active multifamily markets in the US,” said Haro. “Not only do we have great economic fundamentals that make San Antonio a great place to live, work and play, but there are tremendous investment opportunities across a variety of product types and class levels. Nexus Urban Living is currently the best-in-class asset in one of our premier rental locations, and this transaction is the latest example of what’s driving investor interest from across the country."
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’ 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 2017 alone, the firm’s 2,400 Capital Markets specialists completed $170 billion in investment sale and debt and equity transactions globally.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 90,000 as of December 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com