PPA Group Acquires 204-Unit Apartment Community in San Antonio


Demand for multifamily product in San Antonio, like 5Fifty Apartments on the city's north side, is on the rise thanks to robust population growth.

SAN ANTONIO — The PPA Group LLC, an Austin-based investment firm, has acquired 5Fifty Apartment Homes, a 204-unit multifamily community in San Antonio. Floor plans feature one- and two-bedroom units. Amenities include a pool, clubhouse with java bar, fitness center, basketball court and a business center. Mark Brandenburg and Clint Coe of JLL secured an undisclosed amount of acquisition financing for the transaction through Bridge Investment Group. The seller was Frontline Holdings.

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