Artemis Real Estate Partners Buys 221-Unit Franklin Park Alamo Heights in San Antonio

by Jeff Shaw

SAN ANTONIO — JLL Capital Markets has arranged the sale of Franklin Park Alamo Heights, a seniors housing community in San Antonio.

The transaction involves Artemis Real Estate Partners taking over as equity partner from Harrison Street, while retaining Franklin Park as part owner in the joint venture.

JLL also placed the acquisition financing with a Freddie Mac loan for the buyer. Neither the price nor the amount of the financing were disclosed.

Franklin Park Alamo Heights features 117 independent living units, 64 assisted living units and 40 memory care units. The property features four stories of independent living units and amenities interconnected to a four-story assisted living building that extends into a single-story memory care wing.

Situated in the heart of Alamo Heights, the property is located on West Sunset Road, just under two miles away from the popular Quarry Crossing shopping center and the abundance of retail options along Route 281. The site is six miles north of downtown San Antonio.

Richard Swartz, Jay Wagner, Jim Dooley and Jack Griffin led the JLL Capital Markets investment sales and advisory team. Allison Holland completed the financing.

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