TPC San Antonio View Sold by Cortland for $120M

TPC San Antonio View Sold by Cortland for $120M

Luxury asset View at TPC, located two miles from TPC San Antonio Golf Club, has been sold for $70.8 million by Cortland. According to Multihousing.com, the buyer was 4092 TPC LLC – an entity affiliated with Quarry Capital. Completed in 2014, the 13-building property offers one- to four-bedroom floorplans ranging from 652 to 1,850 square feet and includes amenities such as a fitness center, pool lounge and clubhouse along with over 620 grade level parking spaces.

The San Antonio apartment market has seen some softening recently for most products; however investors seem drawn towards luxury properties as Yardi Matrix reports 8300 units have changed hands in the metro year-to date through August of which 4780 are upscale communities .

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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