Sold Property

Canopy at South Lakes

500 SOUTH I-35E DENTON, TX 76205

 
 

About Canopy at South Lakes

On March 10th, 2023, after just over a 2-year hold, SPI Advisory disposed of The Canopy at South Lakes, a 240-unit, Class A- apartment complex built in 2002 & located in the north Dallas/Fort Worth suburb of Denton, TX. The property exceeded 5-year proforma projections in just 2 years.

Project-level Returns:

Date Acquired:

2/9/2021

Date Sold:

3/10/2023

Year Built

2002

Units

240

Property Class

A-

Hold Period

23 mos.

Equity Multiple

2.87X

IRR

119%

 
 
 
 

Interested in a passive investing opportunity with SPI Advisory like this one?

*Nothing on this website constitutes an offering.
Offerings are only completed through a Private Placement Memorandum (PPM).
Past results are not guarantee of future results.