Reap Capital Purchases Spanish Trace Apartment Complex In Irving, TX For Unknown Amount

The Spanish Trace is a 136-unit apartment complex located at 1929 E Grauwyler Rd, Irving, TX, 75061. Built in 1968, the property offers one- and two-bedroom units. Dallas-based Reap Capital acquired Spanish Trace from Lane Star Properties, with the transaction brokered by Chris Deuillet and William Hubbard of CBRE on behalf of the seller. The acquisition financing for this undisclosed price deal was arranged by William Givens and Robert Siddall, also of CBRE. At the time of sale, the complex was 88 percent occupied.

Summary of transaction details:

• Property Type: Apartment Complex
• Transaction Amount: Undisclosed
• Market: Irving
• Borrower's Rep: Robert Siddall (Colliers International), William (Wills) Givens (CBRE)
• Lender: Unknown life insurance company

The deal surrounding Spanish Trace, an apartment complex in Irving, was facilitated by a team from CBRE. Robert Siddall from Colliers International and William (Wills) Givens from CBRE served as the borrower's representatives in this transaction, working alongside other key individuals to successfully negotiate the sale and acquisition financing.