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| Moses Siller |
SAN ANTONIO, TX – JLL Capital Markets announced it has closed the sale and arranged financing for OakRidge Apartment Homes, a 216-unit, value-add, garden-style multi-housing property located in the Northeast San Antonio submarket.
JLL marketed the property exclusively on behalf of the seller, Regional Investment & Management (RIM), and procured the buyer, Bellaire Partners, LLC. Additionally, working on behalf of the new owner, JLL arranged a five-year, fixed-rate acquisition loan through NexBank.
OakRidge Apartment Homes features 15 three-story buildings with units averaging 692 square feet. The well-maintained property features a resort-style pool, state-of-the-art fitness center, clubhouse, business center, grilling area and playground.
Located at 11200 Perrin Beitel Road, the property is near Wurzbach Parkway and Interstate 410 Loop, which provides connectivity to all areas in the San Antonio-Austin corridor.
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| Zar Haro |
Additionally, the property is less than five minutes from the Northern Hills Country Village shopping area, less than two miles from the Northern Hills Golf Club and approximately seven miles from the San Antonio International Airport.
The JLL Capital Markets team representing the buyer was led by Senior Directors Moses Siller and Zar Haro.
JLL’s Capital Markets debt placement team representing the new owner was led by Senior Managing Director Mark Brandenburg.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization.
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| Mark Brandenburg |
The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.
About Bellaire Partners, LLC
Bellaire Partners, LLC is a real estate private equity firm established by George Lintz to offer passive real estate investments for accredited investors, family offices and institutions.
Lintz founded The Bellaire Group of Companies in 2009 and is an owner operator of multifamily real estate in Texas, California and Wisconsin.
Lintz founded The Bellaire Group of Companies in 2009 and is an owner operator of multifamily real estate in Texas, California and Wisconsin.
Contact:
Olivia Hennessey
JLL Senior Associate
Public Relations
JLL Senior Associate
Public Relations
Phone: +1 713 852 3403
Email: Olivia.Hennessey@am.jll.com
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