SAN ANTONIO — Newmark has arranged the sale of The Flats at Big Tex, a 336-unit asset located along the River Walk in downtown San Antonio. San Antonio-based Kairoi Residential acquired the property. The buyer and sales price were not disclosed.
Newmark Multifamily Capital Markets Vice Chairman Patton Jones, Executive Managing Director Matt Michelson and Managing Director Andrew Dickson represented the seller in the transaction.
Located at 423 Blue Star St., The Flats at Big Tex has a resort-style pool and a rooftop lounge with views of downtown. Other amenities include a clubhouse, gaming areas, a Wi-Fi café, fitness center, bike storage and onsite retail that includes Burgerteca and Roots Salad Kitchen.
The property sits on the former Big Tex Grain Company site, and the community design incorporates original silos to reflect these historic roots. The NRP Group developed the property in 2014.