SPI Advisory, CR Capital close sale of 192-unit apartment complex in Tyler

SPI Advisory, LLC and investment partner CR Capital, LLC, closed the sale of the Parker Apartments in Tyler, Texas, marking the completion of a successful six-year period of ownership.

Acquired by SPI and CR Capital in 2018, Parker Apartments, a Class-B, 192-unit apartment complex located at 5105 Old Bullard Road, underwent a transformative journey under SPI and CR Capital’s stewardship. Over the years, SPI and CR Capital implemented extensive renovations, enhancing the property’s appeal and marketability.

These renovations included premium unit upgrades, modernization of the leasing office, revitalization of the pool and tennis court areas, installation of a package locker system, and more.

Located within proximity to key economic hubs such as the University of Texas at Tyler, Broadway Square Mall, and Mother Frances Hospital, Parker Apartments offers residents unparalleled convenience. The property’s comprehensive amenity package includes stainless steel appliances, in-unit washers and dryers, private backyards and patios, valet waste service, and a range of community features such as a resort-style swimming pool, business center, clubhouse, tennis court, and more, which further enhances its appeal.