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SAN ANTONIO, Texas, Feb 04, 2021 (SEND2PRESS NEWSWIRE) Lawrence, New York based Jacobs Real Estate Advisors is pleased to announce the sale of Navona @ Live Oak Apartments, a 104-unit Class B multifamily community located in San Antonio, Texas. Originally developed and operated as a Hawthorne Extended Stay Hotel, the property was acquired by Jacobs in 2013 and underwent a repositioning project to convert the property to multifamily use.
“Our extensive research into the local hospitality and lodging markets made it very clear where the opportunity was. This property offered far more value to our investors and partners as multifamily apartments, rather than a hotel,” says Sholom Jacobs, CEO and founder of Jacobs Real Estate Advisors.
SAN ANTONIO, Texas, Feb 04, 2021 (SEND2PRESS NEWSWIRE) Lawrence, New York based Jacobs Real Estate Advisors is pleased to announce the sale of Navona @ Live Oak Apartments, a 104-unit Class B multifamily community located in San Antonio, Texas. Originally developed and operated as a Hawthorne Extended Stay Hotel, the property was acquired by Jacobs in 2013 and underwent a repositioning project to convert the property to multifamily use.
“Our extensive research into the local hospitality and lodging markets made it very clear where the opportunity was. This property offered far more value to our investors and partners as multifamily apartments, rather than a hotel,” says Sholom Jacobs, CEO and founder of Jacobs Real Estate Advisors.