SAN ANTONIO, TX - R.J. Finlay & Co. announces the addition of The Granite at Tuscany Hills, formerly The Venetian Apartments- long among San Antonio’s prized addresses- to its collection of acclaimed commercial and multifamily properties. In conjunction with the acquisition, the property has been rebranded The Granite at Tuscany Hills. R.J. Finlay & Co. will continue to operate the property as a multifamily community and is planning a host of improvements designed to further enhance it. NH-based R.J. Finlay & Co. purchased the 264 unit property from Thayer Residential on June 20, 2012. The sale was brokered for the Seller by Scott Lamontagne of Institutional Property Advisors, a division of Marcus & Millichap.
Built in 1984 and undergoing remodeling with premium Italian-inspired touches, including new flooring, spacious Euro-style kitchens and high-end fixtures, The Venetian Apartments in San Antonio, TX has for years represented one of the best values for multifamily living in San Antonio. Gated and situated on nine pristine acres just northwest of downtown, The Granite at Tuscany Hills offers convenient access to the city’s famed Riverwalk, Sea World, and Fiesta Texas, as well as numerous universities and major employers, including Southwest Research, Lackland Air Force Base, Citibank, Chase and Toyota. The community features a spacious two-story clubhouse, two swimming pools, tennis courts, and basketball court.
“The Granite at Tuscany Hills is one of those rare gems that come along every so often and truly have it all: amenities, beautiful grounds, terrific quality and convenience to one of the nation’s largest growth markets,” says R.J. Finlay & Co. Chairman and CEO Robert Finlay. “San Antonio has shown remarkable resilience in this difficult economy, boasting low unemployment, amazing value and a backlog of important businesses anxious to set up shop here. We are excited beyond measure to be joining this thriving community.”
The Granite at Tuscany Hills joins the 172 unit Vero Green Apartments (FL), the 144 unit Town Parc at Amarillo (TX), the 102 unit Meetinghouse at Riverfront (NH) and the 56 unit “The Granite at Miami Beach” (FL), as the latest signature multifamily property in the impressive R.J. Finlay & Co. portfolio.
R.J. Finlay & Co. is a New Hampshire-based holding company of diverse businesses and investments with a central focus on real estate.