Benefit Street Partners and Strategic Properties of America have listed the Augusta Flats apartments in San Antonio for sale. The 260-unit property, located at 714 McCullough Ave., is being marketed below its assessed value of $57M with existing tax incentives that will transfer to the new owner. Offers are due by October 17th to Newmark.
CBRE has announced Farhan Kabani as their new Executive Vice President for Debt & Structured Finance, specializing in financing solutions for middle market and private clients nationwide. With over 17 years of experience, Mr. Kabani has secured over $6 billion in capital through thousands of transactions.
JBL Asset Management from Florida has acquired the Olmos Creek Shopping Center in San Antonio using a loan from Morgan Stanley. The selling price was not disclosed but according to assessments made in 2023, the three parcels that make up this center have an estimated value of $10.15 million.The shopping center is anchored by Planet Fitness.
Lion Real Estate Group (LREG), a real estate investment and asset management firm focused on acquiring multifamily properties with potential for growth, announced Loyal Proffitt as their new President of Operations responsible for managing LREG’s portfolio across the country.
