SAN ANTONIO – Houston-based Venterra Realty has acquired Avasa at 1604, a blended rental community with 339 apartment units and 85 single-family rental homes at 6730 N. Loop 1604 E.
The firm took out a loan of about $41.8 million. The site has an assessed value of about $41.6 million.
Rents start at $1,260 per month, and the smallest unit is 618 sf. One-, two-, and three-bedroom floor plans are available.
Amenities include a pool, fitness center, outdoor grilling stations, dog park, spa, and clubhouse.
Built in 2021, the property just north of the Loop 1604 and Nacogdoches Rd. intersection has seen a rapid jump in value. Last year it was assessed at $21.4 million.