NRP Group Sells Belleza at Cresta Bella Apartments to Inland
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The Class A multifamily development Belleza at Cresta Bella Apartments has changed owners. NRP Group LLC turned it over to Illinois-based Inland, a distinguished Real Estate Investment Trust for an undisclosed amount; the sale has been brokered by CBRE.
By Anca Gagiuc, Associate Editor
The Class A multifamily development Belleza at Cresta Bella Apartments has changed owners. NRP Group LLC turned it over to Illinois-based Inland Real Estate Investment Trust for an undisclosed amount; the sale was brokered by CBRE Group Inc.
“Inland is the model for best-in-class real estate. We’re confident their team will provide an exceptional experience for Belleza’s residents and its surrounding community,” said Seth Mendelsohn, vice president of investment & asset management for NRP, in a press statement. “In turn, Belleza will greatly benefit Inland as a trophy asset, with awe-inspiring quality and beauty.”
NRP built the Belleza at Cresta Bella Apartments in 2013, ensuring it will become one of Texas’ most desirable communities through its contemporary design, resort-style amenities and breathtaking panoramic views. It features luxurious amenities such as a high-tech business center, expansive fitness gym with yoga room, two dog parks, an infinity pool overlooking the Hill Country area and a second one, larger and with cabanas and a grilling area. Apartment amenities flaunt quartz counters, stainless appliances, tile backsplash lighting, attached parking and more.
Located in the Hill Country of San Antonio’s Northside, the 288-unit upscale community was 98 percent occupied at the time of the sale. Situated along the west side of Interstate Highway 10 at Cam Bullis Road, the community is close to some of San Antonio’s most frequented areas for shopping, dining and recreational activities; the Shops of La Cantera, Six Flags Fiesta Texas and the Rim are in close proximity.