Benefit Street Partners and Strategic Properties of America have listed the Augusta Flats apartments in San Antonio for sale. The 260-unit property is available at a price significantly below replacement cost, with existing tax incentives transferring to the new owner. Offers are due by October 17th through Newmark.
CBRE has welcomed Farhan Kabani as an Executive Vice President on their Debt & Structured Finance team in Dallas. With over 17 years of experience, Mr. Kabani will focus on financing solutions for middle market and private clients nationwide.
JBL Asset Management has acquired the Olmos Creek Shopping Center in San Antonio from an undisclosed seller with financing from Morgan Stanley. The center’s three parcels have a combined assessed value of $10.15 million and is anchored by Planet Fitness.
Lion Real Estate Group (LREG) has hired Loyal Proffitt as President of Operations to oversee their portfolio nationwide focusing on acquiring value-add multifamily properties.
