January 9, 2020
The Barvin Group acquired the Rivera Apartments, a 302-unit multifamily complex located between San Antonio’s downtown and Pearl District areas. The Houston-based buyer bought the property from Cypress Real Estate Advisors for an undisclosed price. Newmark Knight Frank’s Patton Jones and Matt Michelson represented the Austin-headquartered seller in the transaction.
Argyle Residential developed Rivera Apartments, which opened in 2017. The complex at 1130 Broadway St. has a mix of studios, and one and two-bedroom layouts, ranging from 572 to 1,410 square feet. Amenities include a fitness center, swimming pool, dog park, conference room, enclosed bicycle parking, outdoor kitchen and conference room.
Jones indicated that the asset “attracted an array of investors eager to acquire a luxury asset in the heart of San Antonio’s urban core.” He also said the property’s appeal was its easy access to San Antonio’s River Walk and Pearl District.
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