FLORIDA, Oct. 1, 2020 / — Sapphire Partners has acquired a 104-unit multifamily property in San Antonio, TX, adding it into its owned portfolio. The property, known as the Abode Apartments, is a well maintained courtyard-style community with a central pool and clubhouse. The Abode sits in Northwest San Antonio, in the Balcones Heights submarket.
“We’re very excited to bring The Abode into our ownership. The community has been kept in great shape and we plan to improve it further. Many of our tenants work in healthcare since the Abode sits near the northwest SA medical corridor, so we want to make sure our tenants have as nice a place to come home to as possible,” said David Saperstein, Principal at Sapphire.
Sapphire specializes in investments with a favorable risk-reward profile. The Abode Apartments represents Sapphire’s first venture into the San Antonio market, and an excellent opportunity for Sapphire to add value to a property with great fundamentals that can benefit from new ownership.
For more information on Sapphire Partners, visit www.sapphirepartners.com and find Sapphire on Twitter, Facebook, and LinkedIn.
About Sapphire Partners
Sapphire Partners is a multifaceted investment firm that operates, manages, and consults on commercial real estate throughout the United States. Sapphire’s principals and investment partners view the alternative asset landscape with experienced eyes, having collectively worked on billions of dollars of total capitalized investments over many years. Sapphire operates under an “interests-aligned” mindset, meaning it only works on projects where its responsibility to increase a property’s value corresponds with tenants’ desire for a better space.
