DALLAS, TX - The Multifamily Group (TMG), a commercial real estate brokerage firm, recently sold the Stone Oak Place Apartments in San Antonio’s Northwest Side. The property was built in 1979 and consists of 263 units. TMG Senior Advisor Bryce Smith worked with the seller and Managing Partner Jon Krebbs procured the buyer.
Stone Oak Place is located on Interstate 10 just south of De Zavala Road. The property sits just two and half miles south of The University of Texas at San Antonio and one and half miles north USAA’s corporate office.
“Stone Oak was in forbearance and the seller needed us to find a buyer to assume the existing Fannie Mae loan” said Krebbs. “Achieve Investment Group has a track record of closing quickly and improving a property’s operations. This was a great deal for everyone involved” added Smith.
Stone Oak marks the fourteenth transaction TMG has handled in the San Antonio market since the company opened its doors in 2018. They are currently marketing three other properties in San Antonio.
The Multifamily Group is a commercial real estate brokerage firm focused exclusively on clients and helping them market, sell and acquire multi-housing assets. Based in Dallas, Texas, investors look to The Multifamily Group for one thing - results. To learn more about TMG, visit our website at multifamilygrp.com