Last May, SPI purchased the 264-unit The Bradford apartment complex in Buda. According to its online profile, the firm also owns several apartment complexes in Austin, Buda, Kyle and Hutto.
SPI said it remains confident in the local market.
“Today, newly constructed Austin apartments are on sale as developers have temporarily oversupplied the Austin market,” Becker continued. “We are attempting to buy as many assets as possible before the market fundamentals firm up a couple of years from now.”
The buyer of the Oaks on Marketplace complex has snatched up a valuable multifamily property in a region experiencing a massive population influx.”
