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Kairoi Residential Acquires Four-Property Multifamily Portfolio in San Antonio

Omninet Capital Divests 1,210 Apartment Units
March 8, 2018
ParkVista Apartments, one of four multifamily communities acquired by Kairoi Residential

Kairoi Residential recently acquired a 1,210-unit multifamily portfolio in San Antonio from Beverly Hills, CA-based Omninet Capital for an undisclosed price.

The four-property sale includes the 304-unit Diamond Ridge North at 5235 Glen Ridge Dr.; the 477-unit ParkVista Apartments at 5470 W. Military Dr.; the 188-unit Pearl Park apartments at 5100 N.W. Loop 410; and the 241-unit Somerset Apartments at 5335 N.W. Loop 410.

All four multifamily properties feature a mix of one-, two- and three-bedroom floorplans, ranging in size from 395 to 1,267 square feet, according to CoStar data.

Will Balthrope, Drew Kile and Jordan Featherston of Marcus & Millichap brokered the deal on behalf of the seller.

Please see CoStar COMPS #4155825 for more information on this transaction.

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