WASHINGTON, D.C. – June 29, 2011 – (RealEstateRama) — USAA Real Estate Company, co-developer with Cambridge Development Group of The Preserve on Fredericksburg, announced the sale of the 376-unit Class-A multi-family project located in San Antonio, Texas to an undisclosed institutional investor. Will Balthrope with the Balthrope Group of Institutional Property Advisors, a Marcus & Millichap Company, represented USAA in the transaction. Details of the purchase and sale agreement have not been disclosed.
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