Vergara Properties One LLC has sold the 77-unit Hamilton Place Apartments in San Antonio to Austin-based JMB Group LLC.
JLL Senior Vice President Moses Siller led the transaction and represented the seller. While the sales price was not disclosed, the property was last assessed by the Bexar County Appraisal District for $3.2 million. The 2.02-acre property at 1622 and 1650 Jackson Keller Rd. includes a swimming pool, new laundry facility and dog park.
JMB Group is principally a property management firm and will manage Hamilton Place. The acquisition also marks the company’s first venture into San Antonio.
The company already has a presence managing and owning apartments in Austin and in Riverside and Orange County, California.
The List: Top Austin-area commercial property management firms
Ranked by Austin: S.F. managed as of Jan. 2018
Rank Business name Austin: S.F. managed as of Jan. 2018 1 HPI Real Estate Services & Investments 11,796,544 2 CBRE Group Inc. 8,805,177 3 Stream Realty Partners Austin LP 8,784,528 View This List