Pegasus Real Estate, Thackeray Partners Buy 224-Unit Apartment Community in San Antonio

SAN ANTONIO — A partnership between Pegasus Real Estate and Thackeray Partners has purchased NOAH Apartments, a 224-unit multifamily community in San Antonio’s Alamo Heights neighborhood. The garden-style property was built in 1994. Amenities include a pool, fitness center, outdoor kitchen and a pet park. Ryan Epstein, Forrest Bass and Matt Pohl of Walker & Dunlop represented the partnership and the undisclosed seller in the transaction. Tom Toland and Matt Newton, also with Walker & Dunlop, arranged an undisclosed amount of acquisition financing on behalf of the new ownership, which plans to implement a value-add program.

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Avia Equities sold The Wayman, a 284-unit multifamily community in Austin, Texas. The development was formerly known as Ridgecrest.

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Avia Equities, a recently formed investment firm, has sold The Wayman, a 284-unit multifamily community in Austin, Texas, formerly known as Ridgecrest.