SA BF&C Properties sells The Flats at Olmos in San Antonio
JLL Capital Markets experts complete sale of multifamily asset.
SAN ANTONIO, December 19, 2018 – JLL announced the sale today of The Flats at Olmos in San Antonio. JLL Capital Markets experts secured the sale of the recently renovated, 76-unit apartment community on behalf of SA BF&C.
JLL Senior Vice Presidents Moses Siller and Zar Haro represented the seller in the sale for the property, located at 103 Jackson Keller Road, to James Rainosek.
“The sale of The Flats at Olmos underscores the continued level of investor interest in multifamily product in San Antonio and the surrounding area,” said Siller. “For the past several years, San Antonio has been the beneficiary of significant job gains and population growth thanks in part to our region’s strong economic fundamentals, positioning our market on the shortlist for many capital investors.”
The sale includes the 6.22 acres on which the asset is situated.
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 2017 alone, the firm’s 2,000 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 operations in over 80 countries and a global workforce of 88,000 as of September 30, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com