Benefit Street Partners and Strategic Properties of America have listed the Augusta Flats apartments in San Antonio for sale. The 260-unit property is being marketed at a price below its assessed value of $57M and includes existing tax incentives with the city. Offers are due by October 17 to Newmark.
CBRE has announced that Farhan Kabani, an experienced finance professional, has joined their team as Executive Vice President in Dallas. With over 17 years of experience, Kabani will focus on securing financing solutions for middle market and private clients nationwide.
JBL Asset Management from Florida has acquired the Olmos Creek Shopping Center in San Antonio with a loan from Morgan Stanley. The selling price was not disclosed but according to assessments, it is valued at $10.15 million. Planet Fitness serves as an anchor tenant for this center.
Lion Real Estate Group (LREG) welcomes Loyal Proffitt as their new President of Operations responsible for managing LREG’s portfolio across the nation.
