OTH Capital purchased the River House Apartments in downtown San Antonio. The firm picked up the 261-unit property, which sits along the River Walk at 122 Roy Smith St. The San Antonio Business Journal reports the buyer took out a $41.65 million loan from private credit company Prime Finance as part of the transaction. Hixon Properties was the seller. Hixon completed construction on the project in 2015 and owned it until the sale.
Studio through three-bedroom units range in size from 527 to 1,465 square feet, and rents range from $1,173 to $3,345.
OTH Capital is an Austin-based private equity firm that focuses on the acquisition and development of residential real estate. OTH says it offers a fully integrated platform of property management, construction, and maintenance.
HIxon is a San Antonio firm established in 1975 that has been in the business of acquiring, developing, and managing properties ranging from downtown luxury hotels to suburban self-storage facilities.
