Luxury asset View at TPC, located two miles from TPC San Antonio Golf Club, has been sold for $70.8 million by Cortland. According to Multihousing.com, the buyer was 4092 TPC LLC – an entity affiliated with Quarry Capital. Completed in 2014, the 13-building property offers one- to four-bedroom floorplans ranging from 652 to 1,850 square feet and includes amenities such as a fitness center, pool lounge and clubhouse along with over 620 grade level parking spaces.
The San Antonio apartment market has seen some softening recently for most products; however investors seem drawn towards luxury properties as Yardi Matrix reports 8300 units have changed hands in the metro year-to date through August of which 4780 are upscale communities .
