San Antonio apartments are being swapped in a flurry of trades, as outside investors pour into the city to take advantage of market conditions created in part by the pandemic.
More than 14% of all San Antonio apartments traded hands last year, a share greater than any city in the state and any city nationally except for Atlanta, according to a December report from CoStar, a real estate analytics firm. Those deals were worth a total of $3.6 billion in 2021, marking a near doubling over the transaction volume for 2019, before the pandemic.
“There’s a lot of investor confidence in San Antonio,” said Daniel Khalil, one of the report’s authors. “It’s not just because of good prices, or because it’s this [capitalization] rate, or that much per door. They’re also buying it because they see the growth prospects in the city, and because they see the economic resiliency of a city like this.” Click to read more at www.sanantonioreport.com.