SPI Advisory, LLC

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SPI Advisory Sells 240-Unit Metroplex Asset

SPI Advisory Sells 240-Unit Metroplex Asset

Radu Corfus, Multi-Housing News

March 14th, 2023


CANOPY AT SOUTH LAKES, “Canopy”

SPI Advisory has sold Canopy at South Lakes, a 240-unit multifamily community in the Dallas-Fort Worth suburb of Denton, Texas.

Completed in 2002, the garden-style community comprises 10 three-story buildings which incorporate one-, two- and three-bedroom floorplans ranging from 713 to 1,256 square feet. Apartments feature stainless steel appliances, in-unit washers and dryers, walk-in closets, and hardwood flooring. Common-area amenities encompass a fitness center, clubhouse, swimming pool, dog park, and volleyball court, along with 520 parking spaces. During its ownership, SPI Advisory implemented multiple capital improvements including unit upgrades and amenity renovations.”

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