Local multifamily investment company buys $19M apartment complex


Local multifamily investment firm Internacional Realty bought the 208-unit Sunrise Canyon Apartment Homes in Universal City from Lowe Enterprises Inc., a Los Angeles-based real estate development and investment company.

While the purchase price was not disclosed, the 8.2-acre complex was last assessed by the Bexar County Appraisal District at about $19.4 million. JLL Capital Markets Managing Director Mark Brandenburg led the efforts to secure financing for the acquisition, and Freddie Mac provided…

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