Venterra Realty has expanded its portfolio in San Antonio with the acquisition of Avasa at 1604, a mixed-use rental community featuring 339 apartment units and 85 single-family rental homes located at 6730 N. Loop 1604 E. The transaction was financed through a loan of approximately $41.8 million.
According to the San Antonio Business Journal, this newly built project has already experienced significant appreciation in value since its completion in 2021. Recent county appraisals have valued the property at $41.6 million, compared to just $21.4 million by Bexar County Appraisal District in 2020.
With properties such as Westover Oaks, French Place and Carlyle Place already under their ownership, Venterra continues to establish a strong presence within the multifamily market of San Antonio.
Their successful track record is attributed to their expertise and proprietary network developed over two decades which allows them access to off-market deals resulting in favorable acquisitions below market prices.
This latest addition further solidifies Venterra’s position as a leading real estate firm operating within this region.
