PPA Group Sells 244-Unit Apartment Property in San Antonio

by Amy Works

SAN ANTONIO — The PPA Group has sold Kenton Place, a multifamily property located on 20 acres in northeast San Antonio. A private buyer acquired the 244-unit property for an undisclosed price. In 2008, The PPA Group originally purchased Kenton Place as part of a three-property portfolio that featured 10 acres of vacant land. The company renovated and updated the property and increased its NOI by 22 percent during its ownership period.

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