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12/11/24
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Augusta Flats, a 260-unit trophy multifamily asset located in downtown San Antonio, TX, was acquired by locally based Lynd. The price was not given out.
Built in 2021, Augusta Flats features a range of studio, one- and two-bedroom floorplans averaging 797 sf in size. Community amenities include a skyline rooftop terrace, a clubhouse with a conference room and golf simulator, a swimming pool with lounge seating, a self-service micro-market and a fitness center with cardio and weight machines. The property also includes a parking garage and controlled access gates.
Located in the dynamic River North/Lower Broadway corridor, Augusta Flats is just one mile from the Pearl Brewery entertainment district and within minutes of San Antonio’s most popular restaurants, bars, natural attractions and boutique retail. The property is highly accessible to
to some of the city’s largest employers, including HEB Grocery Corporate HQ, Frost Bank, Geekdom, the University of Texas San Antonio (UTSA), Wells Fargo, USAA and Methodist Hospital.
Newmark Multifamily Capital Markets Vice Chairman Patton Jones, Executive Managing Director Matt Michelson and Managing Director Andrew Dickson facilitated the transaction on behalf of the seller, Benefit Street Partners.
“Augusta Flats presented investors with an outstanding core opportunity in the highly sought-after Broadway corridor of San Antonio," said Jones. "Located strategically between the CBD and the Pearl and surrounded by San Antonio’s top entertainment and employment nodes, the asset garnered significant interest from private investors.”
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