SAN ANTONIO – Federal Capital Partners and One Real Estate Investment have acquired The Summit, a 284-unit, Class B apartment complex at 1955 Lankspur Dr.
Built in 1984, the Summit has one-, two-, and three-bedroom units averaging 870 sf across two- and three-story buildings.
Amenities include a clubhouse, playground, dog park, and two swimming pools.
Berkadia represented the seller, Shippy Properties.
The Summit will undergo $5.1 million in renovations.
The Texas Real Estate Research Center has more news like this online for free: