An apartment complex in San Antonio was recently bought by out-of-town investors.

The Mosaic on Broadway, a 120-unit apartment complex in San Antonio, was purchased by Houston-based Moody National Cos., according to Texas Real Estate Research Center.

“Exclusive: The Mosaic apartments on Broadway sell to out-of-town investors,” Vela Group, LLC wrote in a Sept. 8 Twitter post.

According to San Antonio Business Journal, the five-story apartment complex has robust soundproofing, similar to that of condominiums, with exterior walls eight inches deep and walls between units six inches deep. Brett Moody, founder and CEO of Moody National Cos. told San Antonio Business Journal that the developer also installed an HVAC system similar to those found in commercial office towers. 

"We have a special fondness for central San Antonio," Moody said. "That area has great legs to it."

The sale price hasn't been disclosed, but deed records shows that KeyBank has issued a $15 million loan to the buyer, and the value of the property has been estimated to be $25.9 million by the Bexar County Appraisal District, according to SA Business Journal.

The property is made up of studios as well as one and two-bedroom units with rent ranging from $1,172 to $2,350 per month. Amenities include a pool, fitness center and dog park.