SAN ANTONIO (May 6, 2014) – The NRP Group LLC has announced the sale of Belleza at Cresta Bella Apartments, a 288-unit upscale community nestled in the picturesque hill country of San Antonio’s desirable Northside.
Inland, an esteemed Illinois-based Real Estate Investment Trust (REIT), purchased Belleza for an undisclosed price. CBRE brokered the sale with ninety-eight percent of the property’s units leased.
Built in 2013 by NRP, Belleza’s contemporary design, resort-style amenities and stunning panoramic views place it among the most desirable communities in Texas. The Class A multifamily development features unmatched luxuries, including a high-tech business center, expansive fitness gym with yoga room, two dog parks, an infinity pool with sweeping hill country views and a second, larger pool with cabanas and a grilling area. Apartment features include quartz counters, stainless appliances, tile backsplash lighting, attached parking and more.
“Inland is the model for best in class real estate. We’re confident their team will provide an exceptional experience for Belleza’s residents and its surrounding community,” commented Seth Mendelsohn, Vice President of Investment & Asset Management for NRP. “In turn, Belleza will greatly benefit Inland as a trophy asset with awe inspiring quality and beauty.”
Positioned along the west side of Interstate Highway 10 at Camp Bullis Road, Belleza boasts excellent proximity to San Antonio’s most popular shopping, dining and recreational activities, with the Shops at La Cantera, Six Flags Fiesta Texas and the Rim only minutes away. The strength of the market holds great opportunity for the long-term rent growth at Belleza.
To schedule an interview with an NRP executive regarding the sale or for more information about NRP, please contact Laura Lopez at firstname.lastname@example.org or (210) 264-5430.