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PPA Group Acquires 204-Unit Apartment Community in San Antonio

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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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