Greystone Brown Real Estate Advisors announced it has closed the $51,744,000 sale of Avocet Apartments, a 336-unit multifamily property in San Antonio, TX. Greystone Brown acted for both parties in the transaction, advising the seller, Stone River, as well as the buyer, Benimax. The transaction, which closed on September 5, 2018, was handled by Taylor Brown, Steve Mack, and Bo Brown.
Located at 11340 Alamo Ranch Parkway in the fast-growing and affluent westside of San Antonio, all of the 336 units at Avocet Apartments boast nine-foot ceilings, high-end finishes, and select units feature a separate dining area and sun room. Built in 2017, the resort-style community includes amenities such as a large clubhouse, pool, 24-hour fitness center, business center, coffee bar, car care center, dog park, and covered parking.
“I’m very pleased with our team’s ability to work through the challenges and obstacles this sale presented. Our tenacity, creativity and ability to keep deals together are just a few reasons why our clients return time and again to our firm,” said Bo Brown, president, Greystone Brown Real Estate Advisors.