Passco Cos. has acquired Lenox Overlook, a newly constructed 338-unit luxury apartment community in the North Central submarket of San Antonio, from Oden Hughes.
The firm will rebrand the community as TruNorth at Bulverde.
The purchase of this asset marks Passco’s fourth multifamily acquisition since September, adding 1,547 units to its portfolio in under four months. Within the same period, Passco sold three properties, bringing the firm’s number of multifamily dispositions in 2020 to four.
According to Gary Goodman, senior vice president of acquisitions at Passco, the firm was attracted to TruNorth at Bulverde due to the San Antonio market’s exceptional fundamentals, including population growth thatÂ
