Local investment company REEP Equity has bought two 1980s-era apartment complexes near the Medical Center.
The properties, 4000 Horizon Hill and Northgate Village, were bought for an undisclosed amount and were last evaluated at $17.8 million and $17.3 million, respectively, according to the Bexar County Appraisal District. They were previously owned by Nilayam Jaya Lakshmi LP and Pallavi Limited Partnership, which share the same Houston address.
