Jacobs Real Estate Advisors sells Navona @ Live Oak Apartments

Press release content from Send2Press. The AP news staff was not involved in its creation.

SAN ANTONIO, Texas, Feb. 4, 2021 (SEND2PRESS NEWSWIRE) — Lawrence, New York based Jacobs Real Estate Advisors is pleased to announce the sale of Navona @ Live Oak Apartments, a 104-unit Class B multifamily community located in San Antonio, Texas. Originally developed and operated as a Hawthorne Extended Stay Hotel, the property was acquired by Jacobs in 2013 and underwent a repositioning project to convert the property to multifamily use.

“Our extensive research into the local hospitality and lodging markets made it very clear where the opportunity was. This property offered far more value to our investors and partners as multifamily apartments, rather than a hotel,” says Sholom Jacobs, CEO and founder of Jacobs Real Estate Advisors.

San Antonio based Implicity Management was ultimately hired to navigate the process and manage the day-to-day operations, and were very successful in the conversion.

As Jody Marquez puts it “It was one of the most enjoyable experiences I have personally had in the rebrand of Navona, from a short-term hotel to an apartment community. Working with Jacobs Real Estate made our success as the visions for the ultimate transformation were shared.”

Rebranded Navona @ Live Oak, the multifamily property offers (68) 1-bedroo m floor plans and (36) 2-bedroom floor plans with black appliances, granite countertops and walk-in closets. Community amenities include a swimming pool, fitness center and business center.

Michael Watson, Managing Partner for Independence Commercial Advisors, represented Jacobs in the marketing and sale of the asset. Watson also procured the buyer – Austin, Texas based Texas Sagitarius LLC.

Learn more about Jacobs Real Estate Advisors at: http://jacobsrea.com/

Link to images: https://drive.google.com/drive/folders/1eUV6TNGF639rV4eWKIrcGjFmk08F5UAl

Caption: Navona at Live Oaks is a 104 Unit Multi-Family Apartment Complex.


NEWS SOURCE: Jacobs Real Estate Advisors


Keywords: Real Estate, hospitality and lodging markets, Jacobs Real Estate Advisors, SAN ANTONIO, Texas


This press release was issued on behalf of the news source (Jacobs Real Estate Advisors) who is solely responsibile for its accuracy, by Send2Press® Newswire. Information is believed accurate but not guaranteed. Story ID: 68163 AP-R8.2

To view the original version, visit: https://www.send2press.com/wire/jacobs-real-estate-advisors-sells-navona-live-oak-apartments/

© 2021 Send2Press®, a press release and e-marketing service of NEOTROPE®, Calif., USA.

Disclaimer: This press release content was not created by nor issued by the Associated Press (AP).

Sam Son

Next Post

Cops attended Marilyn Manson's Hollywood home after reports of a 'disturbing incident'

Fri Feb 5 , 2021
© Bang Showbiz Marilyn Manson Police were called to Marilyn Manson’s Hollywood home after reports of a “disturbing incident”. Two days after the 52-year-old rocker was accused of abuse by his former fiancee Evan Rachel Wood and four other women on Monday (01.02.21), the […]