September 11, 2020
29th Street Capital (29SC) has acquired Live Oak Place Apartments, a Class C+, 308-unit asset in Live Oak. Seller and pricing weren’t disclosed.
29SC plans to add value to the property by fully renovating 163 apartments and lightly renovating 145 units that were previously improved by the seller.
“This is 29SC’s first acquisition in San Antonio in the past 12 months and will be a strong addition to our Central Texas portfolio, which has now reached over 1,000 units,” said Dan Howard, 29SC’s SVP of acquisitions.
He continued, “I look forward to the continued expansion of our footprint in Central Texas and am confident that our focus on accelerating growth in this market will yield high returns.”
Howard said Live Oak Place’s proximity to top employers such as Amazon and Ikea is “already a plus. The planned renovations will make it even more desirable.”
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