Michaelson Real Estate Group, LLC and Private Equity Partners Acquire The Fountains Apartment Homes in San Antonio

Michaelson Real Estate Group is pleased to announce the expansion of its existing Texas portfolio to include The Fountains Apartment Homes, a 101-unit multi-housing community located at 8630 Fairhaven, San Antonio, Texas.

The Fountains is just minutes away from The Rim,restaurants, amazing shopping, nighttime entertainment, banking and schools and a short drive to the University of Texas San Antonio, San Antonio International Airport, major sports events, art exhibitions, concerts and golf courses. The Fountains is also conveniently located just one half mile from Hulu’s new 60,000 square-foot space, from which Hulu’s plans to spearhead the roll-out of a new live TV service and a redesigned interface. This expansion is anticipated to bring 800 new jobs, sixty-five percent paying more than $50,000 a year, to the San Antonio area. The Fountainsalso offers superb accessibility to the area’s most traveled highways, including Interstate 10.

Constructed in 1973, The Fountainsfeature a mix of one, two and three-bedroom apartments with an average size of1,020 square feet. The Fountains boast updated kitchens, faux wood vinyl, tile and carpet flooring, ceramic tile countertops, double basin sinks, breakfast bars, washer/dryers in all units with the exception of one bedrooms, and private balcony/patios with storage. The propertyalso features a full amenity package including sparkling pool, picnic/grilling area and on-site laundry facility.