December 6, 2016
Lantower Residential entered the San Antonio market with its acquisition of the 312-unit, 327 Sunset multifamily complex in Alamo Heights, TX. The Dallas-based buyer paid the property’s developer, Georgia-based Flournoy Cos., an estimated $55 million to purchase the property. Ryan Epstein, Will Caruth and Mike Miller with Berkadia secured the buyer in the transaction.
327 Sunset offers one, two and three-bedroom units, along with amenities such as a resort-style pool, fitness center, game room and pet park/washing station. “The acquisition of 327 Sunset Alamo Heights enables Lantower Residential to enter San Antonio in one of the most premier sub-markets, with a Class A asset built by a very reputable developer,” stated Lantower Residential Chief Operating Officer Philippe Lapointe.
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