ATLANTA, GA - Greystone Brown Real Estate Advisors announced it has closed the $51,744,000 sale of Avocet Apartments, a 336-unit multifamily property in San Antonio, TX. Greystone Brown acted for both parties in the transaction, advising the seller, Stone River, as well as the buyer, Benimax. The transaction, which closed on September 5, 2018, was handled by Taylor Brown, Steve Mack, and Bo Brown.
Located at 11340 Alamo Ranch Parkway in the fast-growing and affluent westside of San Antonio, all of the 336 units at Avocet Apartments boast nine-foot ceilings, high-end finishes, and select units feature a separate dining area and sun room. Built in 2017, the resort-style community includes amenities such as a large clubhouse, pool, 24-hour fitness center, business center, coffee bar, car care center, dog park, and covered parking.
“I’m very pleased with our team’s ability to work through the challenges and obstacles this sale presented. Our tenacity, creativity and ability to keep deals together are just a few reasons why our clients return time and again to our firm,” said Bo Brown, president, Greystone Brown Real Estate Advisors.
Greystone Brown Real Estate Advisors is a commercial investment brokerage company specializing in the sale of multifamily and retail properties throughout the southeast. Established as Brown Real Estate Advisors in 1975, we are one of the largest and oldest privately held apartment brokerage firms in the south. Our real estate professionals are committed to understanding the objectives of maximizing yields and profits while being able to meet critical time frames.