Kairoi Residential, a local firm, has acquired the Signature Ridge apartment complex located at 3711 Medical Dr. west of I-10 in San Antonio. The 612 unit complex was recently appraised at $88 million by the Bexar County Appraisal District and Kairoi took out a $57.3 million loan from Berkeley Point Capital—a Newmark division—as part of the deal according to Bexar County Records.
Signature Ridge offers 1-, 2- and 3-bedroom units ranging from 635 square feet up to 1,342 square feet in size for residents looking for rental options in San Antonio’s Northwest Side Medical Center submarket area. Kairoi owns several other complexes nearby including Hawthorne House and The Sterling at Oak Hills .
The site was previously owned by CBRE’s investment management division with Greystar managing it prior to its acquisition by Karioi; however it is unclear whether they have remained as managers under this new arrangement or not yet known..
