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

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.