JLL Capital Markets sells 191-unit multifamily asset in San Antonio

JLL Capital Markets has closed the sale of Jones & Rio, a 191-unit, 2017-vintage, trophy multifamily asset on the River Walk in San Antonio, Texas.

JLL worked on behalf of the seller, Benefit Street Partners.

Situated at 111 W. Jones Ave., Jones & Rio is perfectly located at the heart of the vibrant and growing River North mixed-use district in downtown San Antonio. Conveniently positioned near the Pearl, a 23-acre mixed-use project, and just one block off the thriving Broadway corridor, the property boasts direct River Walk access, countless walkable urban amenities and proximity to prominent employers. In addition, Jones & Rio is one of only five Class A multi-housing assets in the Downtown submarket with river frontage.

The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Managing Directors Robert Arzola and Ryan McBride and Senior Managing Director Robert Wooten.