Firm Assists With 288-Unit Affordable Multifamily Housing Complex in San Antonio, Texas

    View Author December 2019

    A firm team served as underwriter’s counsel to the Sturges Company to provide US$23 million in financing to Majestic SA Apartments LP, a joint venture between the San Antonio Housing Facility Corporation and Hogan Properties Company, Inc., dba HomeSpring Realty Partners. The bonds will provide financing for the acquisition, construction, equipping and improvements to the privately owned real and personal property into a multifamily housing complex. Located in San Antonio, Texas, the project contains 288 units of affordable multifamily housing that will be made available to persons who earn no more than 60% of the area median income.

    The team was led by Robert D. Labes, Michael A. Winter and Alexis B. Chandler.