Apartments near center of Mansfield bought by Dallas investor

Apartments near center of Mansfield bought by Dallas investor

Mitchell Parton, Dallas Business Journal | December 19th, 2023

 

The property was almost completely occupied when sold

MSL

MAIN STREET LOFTS, a 266-unit apartment community, was built in 2022/

“A Dallas-based real estate investor has bought into a fast-growing suburb.

SPI Advisory LLC — which owns and operates nearly 7,300 units up and down Interstate 35 from San Antonio and Austin to North Texas — on Dec. 13 acquired the 266-unit Main Street Lofts apartment community near downtown Mansfield, the company announced. Financial terms of the deal were not disclosed.

…

The deal is a sign of confidence in the Mansfield apartment market as the city south of Fort Worth continues to boom. As of early 2023, Mansfield had a population of 77,000 and was projected to exceed 100,000 residents over the next decade, Dallas Business Journal reported.”

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