Brixton Capital has acquired Carrington Place, a 133,864-square-foot, 172-unit multifamily property in Boerne, TX from Dallas-based MHP Capital, Inc. Located at 825 Johns Road off I-10 in the historic town of Boerne, the property is in a suburb of San Antonio.
“Boerne is a highly desirable, growing area of San Antonio with a shortage of quality rental housing,” said Jim Hamilton, Brixton Capital’s Vice President of Acquisitions. “We’re excited by the opportunity to enhance the property through strategic physical upgrades and improvements to operations.”
Brixton Capital plans to rebrand the Class A apartment complex and complete upgrades throughout the community, which was built in 2003. Carrington Place is Brixton’s ninth (9th) multifamily acquisition in Texas. United Apartment Group will manage the property.
Colton Burch of Rowan Multifamily Advisors represented Brixton Capital, while Robert Arzola of JLL represented MHP Capital Partners in the transaction.
Read more online at Multifamily Biz.
