SPI Advisory disposes of East DFW apartment Complex

SPI ADVISORY DISPOSES OF EAST DFW APARTMENT COMPLEX

PRESS RELEASE | December 29th, 2022

SPI Advisory, LLC

 

After a 2-year hold period, Dallas-based private equity firm, SPI Advisory, LLC, disposes of Class A-, Mesquite, TX multifamily property, “The Ventura Apartments.”

Disposed Property - The Ventura Apartments

THE VENTURA APARTMENT HOMES, “The Ventura Apartments” or “The Ventura” (formerly “Central Park Apartments”)

 

On December 29th, 2022, the Dallas-based multifamily private equity firm, SPI Advisory, LLC (“SPI”) announced the sale of The Ventura Apartments, a Class A-, 111-unit garden-style apartment community located in Mesquite, an eastern suburb of Dallas/Fort Worth.

Built in 2003 in the “Rodeo Capital of Texas,” just a few miles south of major DFW thoroughfares like I-30, I-635, and George Bush Tollway, The Ventura offers Mesquite residents spacious, open floor plans, upscale community amenities, and convenient access to prominent  Downtown and North Dallas employment, shopping, and recreational centers.

Formerly named “Central Park Apartments,” The Ventura successfully endured an extensive, thoughtful rebranding upon SPI Advisory and its syndicated partners’ acquisition in March of 2021. Over the past few years of ownership and management, SPI and its partners have enjoyed supervising the completion of capital expenditure improvements and renovations to the community’s interior units, exterior building design & signage, and common areas including, but not limited to the leasing office, volleyball court, pool, and package locker system. 

Read more about The Ventura

Read other Press Releases

About SPI Advisory, LLC

SPI Advisory is a Texas-based multifamily private equity firm founded in 2014 & headquartered in Dallas, TX with a second office in Austin, TX. SPI transforms the way high-net-worth investors from across the country identify, assess, secure, & sell high-yield, tax-efficient multifamily real estate investments across the Texas region by offering tailored joint venture partnership & advisory services as well as democratized passive investing opportunities in institutional-quality multifamily assets to their increasingly diverse client base. Read more here.

Want to get in touch with SPI?

Press ReleaseSPI MarketingSPI Advisory, Multifamily, North Texas, Dallas, DFW Multifamily, Disposition, Sale, Mesquite, Mesquite Apartments, CAPEX, Rebrand, Class A-, VEN