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.
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 establishment in 1975, that has been in the business of acquiring, developing, and managing properties that range from downtown luxury hotels to suburban self-storage facilities.
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