SAN ANTONIO – JLL Capital Markets announced today that it has closed the sale and arranged financing for OakRidge Apartment Homes, a 216-unit, value-add, garden-style multi-housing property located in the Northeast San Antonio submarket.

JLL marketed the property exclusively on behalf of the seller, Regional Investment & Management (RIM), and procured the buyer, Bellaire Partners, LLC. Additionally, working on behalf of the new owner, JLL arranged a five-year, fixed-rate acquisition loan through NexBank.

OakRidge Apartment Homes features 15 three-story buildings with units averaging 692 square feet. The well-maintained property features a resort-style pool, state-of-the-art fitness center, clubhouse, business center, grilling area and playground. Located at 11200 Perrin Beitel Road, the property is near Wurzbach Parkway and Interstate 410 Loop, which provides connectivity to all areas in the San Antonio-Austin corridor. Additionally, the property is less than five minutes from the Northern Hills Country Village shopping area, less than two miles from the Northern Hills Golf Club and approximately seven miles from the San Antonio International Airport.

The JLL Capital Markets team representing the seller was led by Senior Directors Moses Siller and Zar Haro.

JLL’s Capital Markets debt placement team representing the new owner was led by Senior Managing Director Mark Brandenburg.

AUSTIN, TX – February 12, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces it has arranged acquisition financing for Legacy Heights, a 306-unit, garden-style multi-housing community in San Antonio, Texas.

HFF worked on behalf of the borrower, Regional Investment & Management, to place the loan through Annaly Commercial Real Estate Group, Inc.  Loan proceeds were used to acquire the property and fund future renovations.

Legacy Heights is situated on a 13.6-acre site at 1320 Austin Highway less than two miles west of Fort Sam Houston, a major area employment center.  Completed in 2009, the property has one-, two- and three-bedroom units ranging from 610 to 1,400 square feet.  Community amenities include a clubhouse with game room, billiards and fitness center as well as a resort-style swimming pool and barbecue area.  The property was 95 percent occupied at closing.

The HFF debt placement team representing the borrower was led by managing director Robert Wooten.