SPI Advisory Completes Acquisition of 120-Unit Park Place Apartment Community in Fast Growing Dallas-Fort Worth Suburb of Hurst

DALLAS, TX - The Dallas-based multifamily private equity firm, SPI Advisory (“SPI”) announced the acquisition of “Park Place Apartments,” a 120-unit, Class B, multi-building apartment community located in Hurst, TX.

Built in 1978, in the suburban heart of Dallas/Fort Worth, Park Place offers residents immediate access to Loop 820 and highways 121 and 183. Desirably located in the HEB independent school district, the property holds a specific appeal to families.

"We’re enthusiastic about our recent acquisition of Park Place. The prior ownership group owned the property for several decades and did an amazing job maintaining it," said Michael Becker, Principal at SPI Advisory.

Park Place is located on the northeast side of I-820 nearby other SPI-owned & managed properties. This transaction serves to amplify the private equity firm’s distinguished, growing presence in the Metroplex as their 43rd acquisition in DFW since 2013.

About SPI Advisory, LLC: SPI Advisory is a Texas-based multifamily private equity 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. For more information, visit www.SPIAdvisory.com