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Rivera Apartments, San Antonio

January 9, 2020 Comments Off on 302-Unit Rivera Apartments Trades to Houston Investment Firm Views: 637 San Antonio, Texas News

302-Unit Rivera Apartments Trades to Houston Investment Firm

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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.

Read more at San Antonio Business Journal

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