IPA Arranges Sale of 308-Unit Multifamily Asset in San Antonio

by Taylor Williams

SAN ANTONIO — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Aura at the Rim, a 308-unit multifamily asset in San Antonio. Built in 2016 on 11-plus acres, the property is located within The Rim, a 3 million-square-foot shopping center on the city’s northwestern side. Will Balthrope, Drew Kile and Jordan Featherston of IPA represented the seller, a Dallas-based developer and procured the buyer, a Chicago-based investor.

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