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**OTH Capital Acquires River House Apartments Along San Antonio’s River Walk**
OTH Capital has acquired the River House Apartments, a 261-unit multifamily property located at 122 Roy Smith Street in downtown San Antonio. Situated along the iconic River Walk, the transaction includes a $41.65 million loan from private credit firm Prime Finance, used by the buyer to facilitate the purchase. Hixon Properties, a San Antonio-based company, was the seller. Hixon completed construction on the complex in 2015 and maintained ownership until its recent sale.
The River House offers a mix of studio to three-bedroom units, with floor plans ranging from 527 to 1,465 square feet. Monthly rents span from $1,173 to $3,345, catering to a variety of resident needs and preferences.
Based in Austin, OTH Capital is a private equity firm specializing in the acquisition and development of residential real estate. The company operates a fully integrated platform that includes property management, construction, and maintenance services.
Hixon Properties, founded in 1975, has a long-standing presence in San Antonio’s real estate market. The company’s portfolio includes a diverse range of developments, from luxury hotels in the city’s core to suburban self-storage facilities.
This acquisition marks a continued expansion of OTH Capital’s residential real estate footprint in Texas.
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