September 8, 2016
Brugge Properties has closed a deal to acquire the Cordoba Apartments in the northwest portion of San Antonio, TX. The Ohio investor bought the 260-unit asset from Calton Investments in Boerne, TX. Scott LaMontagne, Moses Siler and Zar Haro with JLL brokered the transaction.
The sales price was not disclosed, but the Bexar Central Appraisal District assessed the property at $9.2 million.
Situated on 7.8 acres at 7810 Callaghan Rd., Cordoba is close to top employers including USAA, Methodist Healthcare and Christus Santa Rosa. “San Antonio is one of the most economically sound markets in the nation,” LaMontagne said. “This property is a great investment with tremendous upside and the opportunity for value-add renovations.”
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