Apartments near center of Mansfield bought by Dallas investor

Apartments near center of Mansfield bought by Dallas investor

Mitchell Parton, Dallas Business Journal

December 19th, 2023

 

The property was almost completely occupied when sold

MSL

MAIN STREET LOFTS, a 266-unit apartment community, was built in 2022/

“A Dallas-based real estate investor has bought into a fast-growing suburb.

SPI Advisory LLC — which owns and operates nearly 7,300 units up and down Interstate 35 from San Antonio and Austin to North Texas — on Dec. 13 acquired the 266-unit Main Street Lofts apartment community near downtown Mansfield, the company announced. Financial terms of the deal were not disclosed.

…

The deal is a sign of confidence in the Mansfield apartment market as the city south of Fort Worth continues to boom. As of early 2023, Mansfield had a population of 77,000 and was projected to exceed 100,000 residents over the next decade, Dallas Business Journal reported.”

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