SPI Advisory sells 254-unit apartment complex in Kyle

SPI Advisory, the Dallas- and Austin-based multifamily private equity firm, closed the sale of Oaks on Marketplace, a 254-unit, Class-A apartment complex built in 2017 at 20400 Marketplace Ave. in Kyle, Texas.

Located just seven miles south of Austin, Oaks on Marketplace attracts renters seeking a high-end lifestyle at an affordable price.

SPI Advisory and its partners acquired the newly built property directly from the developer as part of a two-property portfolio in 2019. The sale of Oaks on Marketplace marks the completion of more than five successful years of ownership and is SPI’s first property disposition of its Central Texas portfolio.