Bay Area investment firm buys Alamo Heights apartments

The 111-unit La Fiesta Apartments were bought by Bay Area-based investment firm Sterling Real Estate Holdings, a joint venture between Barker Pacific Group (BPG) and Pacific Real Estate Partners.

While the price was not disclosed, the 4.7-acre property was last valued by the Bexar County Appraisal District at $5.85 million. La Fiesta is Sterling’s second San Antonio-area acquisition. In 2016, it bought the Chestnut Park Apartments in Castle Hills. The firm focuses on investing in Class B and Class…

Source: http://feeds.bizjournals.com/industry_21

Be the first to comment

Leave a Reply

Your email address will not be published.


*