SAN ANTONIO, Tx (February 14, 2013) – Orion Equity Partners LLC and other investors have purchased Sierra Ridge, a multifamily property located in San Antonio, Tex. in partnership with Metonic Real Estate Solutions and Seldin, Inc.
Sierra Ridge is currently 94 percent occupied. The new owners plan to make both exterior and interior upgrades to the property in order to enhance the resident’s experience and the ambience of the apartment community, as well as attract new residents.
Sierra Ridge is a 230-unit apartment community built in 1972 with 172,814 square feet of well-maintained buildings and grounds. Sierra Ridge is located in northwest San Antonio with easy access to major employers via Wurzbach Parkway. Residents are also close to numerous retail centers, including North Star Mall, as well as many restaurants and services.