Michael Becker Of SPI Advisory Acquires 416-unit Encore 380 Apartments From Barry Sternlicht

The Encore 380 Apartments is a 416-unit multifamily property located at 26493 East University Drive in Aubrey, Texas. Built in 2017, this Class A community is currently 93% occupied and is positioned as a part of SPI Advisory's growing 8,000-unit Texas portfolio, which will undergo further upgrades following the acquisition.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not specified
• Units: 416
• Address: 26493 East University Drive
• Market: Aubrey
• Buyer: Michael Becker - SPI Advisory
• Seller: Barry Sternlicht - Starwood Capital Group

This transaction marks SPI Advisory's 50th investment in the Aubrey market, indicating a significant presence in multifamily real estate. The deal involved key representatives, with Michael Becker overseeing SPI Advisory's interests and Barry Sternlicht representing Starwood Capital Group in the sale.