Dallas & Austin-based firm expands its North Texas portfolio with the acquisition of Encore 380 Apartments, a 416-unit Class A community in a high-growth Denton County submarket
“SPI Advisory (“SPI”), a multifamily investment firm with offices in Dallas and Austin, has announced the successful acquisition of Encore 380 Apartments, a 416-unit, Class A garden-style community in the north DFW suburb of Aubrey, centrally located between Frisco and Denton. This milestone acquisition marks SPI’s 50th investment in the Dallas-Fort Worth metroplex since its inception in 2014, solidifying the firm’s deep commitment to the region’s dynamic growth.
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The property also stands to benefit from the planned Universal Studios development, a major entertainment anchor poised to further elevate the region’s appeal. With an average household income of $127,000 within a one-mile radius and its location within the highly-rated Denton ISD (A-rated), Encore 380 is ideally positioned to attract discerning renters seeking a premium lifestyle.”
