May 15, 2019
Local real estate investment company Commerce Capital Partners (ComCapp LLC) acquired the 412-unit Legacy Brooks apartments from developer White-Conlee Development. The buy follows ComCapp’s recent sale of the 300-unit Pointe at Ramsgate to Westmount Realty Capital.
Legacy Brooks, located at 7035 Pickwell Dr. on San Antonio’s south side, delivered in 2015. The sales price was undisclosed, however, the buyer borrowed $34.4 million from M&T Realty Capital Corp. for the acquisition.
The apartment complex offers studio space, as well as one, two and three-bedroom units. Sizes range from 517 to 1,282 square feet. Amenities include outdoor entertainment space, beach-entry swimming pool, business and fitness centers, resident clubhouse and an on-site dog park.
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