Greysteel, a national commercial real estate investment services firm, has arranged the sale of a 92-unit multifamily property located in San Antonio, TX.
Greysteel Sr. Director, J.R. Ellis and Sr. Associate, Paula Orozco-Lapray of the Company’s Austin, Tx office, sold the Property on behalf of the Seller.
Located in the Balcones Heights area, the Trio Apartments is comprised of 3 separate multifamily buildings within a one-block radius on Hillcrest Drive and Babcock Road.
“The Balcones Heights area struggled through the pandemic but is really showing signs of recovery and growth,” said Paula Orozco-Lapray. “The Greysteel San Antonio team has been very active in this submarket, and we are seeing more and more investors that are showing up with strong optimism for rent and occupancy growth.”
About Greysteel:
Greysteel is a commercial real estate and capital markets services firm with 15 offices located in New York, NY; Los Angeles, CA; Dallas, TX; Fort Worth, TX; Austin, TX; Newport Beach, CA; Metairie, LA; Washington, D.C.; Philadelphia, PA; Phoenix, AZ; Denver, CO; Baltimore, MD and Norfolk, VA. Greysteel serves and advises private and institutional real estate investors and developers in the marketing, sale, and financing of private capital and middle-market real estate assets. www.greysteel.com.
