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SPI Advisory Acquires 144-Unit Riverbend Apartments In New Braunfels, Texas

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SOLD

Texas

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MultiFamily
Sold 10/06/2023
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Property Image
SOLD

SPI Advisory Acquires 144-Unit Riverbend Apartments In New Braunfels, Texas

MultiFamily
Sold 10/06/2023
the dealplayerscompscontact
Contact now

Summary

Asset Type:MultiFamily
Transaction Type:Sale

The 144-unit Riverbend Apartments in New Braunfels, Texas have been sold to Dallas investor SPI Advisory. Built in 1995, the property offers a mix of one- and two-bedroom units and features various amenities. This acquisition expands SPI Advisory's apartment portfolio in the San Antonio and Austin areas.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Units: 144
  • Address: 453 North Business Interstate Highway 35, New Braunfels, Texas
  • Market: New Braunfels

SPI Advisory, led by Michael Becker, completed the purchase of the Riverbend Apartments. Becker's firm specializes in investment and management of real estate properties in the Dallas area. This transaction adds to SPI Advisory's growing presence in the Texas multifamily market, enhancing their position as a key player in the industry.

Players

Michael Becker
SPI Advisory
Michael Becker
7 deals
BUYER

Details

SOLD
IMAGE: Michael Becker DATE: 10/06/2023 ADDRESS: 453 North Business Interstate Highway 35 MARKET: New Braunfels ASSET TYPE: Multifamily ~ UNITS: 144 BUYER: SPI Advisory (@SPIAdvisory) - Michael Becker NOTE: Dallas investor SPI Advisory has purchased the 144-unit Riverbend Apartments in New Braunfels, Texas. The property, built in 1995, includes one- and two-bedroom units and various amenities, adding to SPI's apartment portfolio in the San Antonio and Austin areas.

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