SPI Makes 50th Dallas Acquisition
SPI Makes 50th Dallas Acquisition
Richard Berger, Multi-Housing News | March 4th, 2025
“SPI Advisory has acquired Encore 380 Apartments, a 416-unit, Class A garden-style community in the north Dallas suburb of Aubrey. Starwood Capital Group sold the community. The purchase marks the firm’s 50th investment in the market since being formed in 2014.
…
“Persistently high construction costs make our relative cost basis very attractive,” SPI Principal and Co-Founder, Michael Becker, told Multi-Housing News of the community. “This will allow us to maintain competitive rental rates while achieving our investment objectives. Encore 380 is well-positioned for long-term success in serving the Aubrey community.”