Las Brisas Apartments was sold in March of 2012 as part of a portfolio sale with Lexington Apartments. The sale resulted in a 23% IRR to the investors.
Las Brisas Apartments, a 176 unit apartment complex was built in 1982. Located in San Antonio, the spacious units average 1,000 sq ft each and featuring quarry tiled entrances, wood burning fireplaces, spacious walk-in closets, refrigerators with icemakers, oversized windows, full-size washer-dryer connections, garden window boxes, built-in bookcases and more.
Amenities include tennis courts, a swimming pool, a paved jogging trail and a laundry facility. Attractive, mature landscaping gives the property a natural, open ambiance.
Nearby neighborhood retail includes H.E.B. and Marshall’s anchored neighborhood retail centers, numerous restaurants, and other services. The IH-10 and Loop 1604 corridor offers upscale shopping.