The flurry of deals underscores the growing interest of investors in San Antonio multi-unit real estate.

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The New York firm bought four San Antonio apartment complexes for nearly $ 109 million, part of a recent flurry of apartment purchases by companies based outside the area.

Sun Equity Partners’ acquisitions include Park Vista at 5470 W. Military Drive, near the San Antonio-Luckland Joint Base; Pearl Park at 5100 NW Loop 410 near South Texas Medical Center; and Merida at 2167 410 Northeast Circle and La Silva at 3903 Barrington Street, both near Northeast Baptist Hospital.

According to Rosewood Realty Group, which represented both buyer and seller, San Antonio-based Kairoi Residential, the properties were built in the 1960s, 1970s and 80s and include 1,230 rental units. …

Sun Equity Partners, a private investment and development company that owns residential, office and retail real estate in the Northeast as well as San Francisco, according to its website.

“This deal underscores the strong confidence of foreign investors in San Antonio’s rapid growth,” Rosewood Realty’s Matt Yekes said in a statement.

San Antonio’s growing population, high demand for apartments and lower property prices than many other major cities are attracting more investors to the area.

In the second quarter ending May, there were 24 registered apartment sales, most of them located in northwest San Antonio, according to a report by Austin Investor Interests published on ApartmentTrends.com. This is 50 percent more than in the previous quarter, indicating that “investor interest in the San Antonio market continues to increase,” the company said.

Among the deals: Lawrence, NY-based River Rock Capital bought condos earlier this month at 7714 Louis Pasteur Drive and 7403 Wurzbach Road, near South Texas Medical Center, according to Newmark Group, which represented Alliance Residential. …

The sales were part of a portfolio of four properties that included two complexes at the Texas Medical Center in Houston that were bought by another company.

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