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 significantly below replacement cost and includes existing tax incentive agreements with the city. Offers are due to Newmark by October 17.
CBRE has announced that Farhan Kabani has joined their Debt & Structured Finance team as an Executive Vice President, focusing on financing solutions for middle market and private clients nationwide. With over 17 years of experience, Mr. Kabani will procure debt and equity for commercial real estate assets.
JBL Asset Management, based in 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 from 2023 it is valued at $10 million dollars. Anchored by Planet Fitness, this center consists of three parcels.
Lion Real Estate Group (LREG), a firm specializing in acquiring value-add multifamily properties across the nation, has hired Loyal Proffitt as their new President of Operations responsible for managing LREG’s portfolio on a daily basis.
