Housing Trust signs deal to buy Robert E. Lee apartment building

The affordable Robert E. Lee apartment building in downtown San Antonio that went on the market last summer has a new owner.

The San Antonio Housing Trust Foundation, which had initially offered $3.27 million for the multifamily housing tax credit property at 111 W. Travis St., finalized a sales contract on Tuesday.

The final price was not disclosed but the agreement calls for the Housing Trust to assume an existing, 20-year-old loan of $1.7 million, according to documents provided by the Texas Department of Housing and Community Affairs (TDHCA).

As the city’s nonprofit affordable housing entity, the Housing Trust is expected to close on the deal in July, said Pete Alanis, executive director of the San Antonio Housing Trust Foundation.

“This agreement ensures that one of downtown’s mos