Flagship Downtown Apartment Project Sells to Another Dallas Firm

Flagship Downtown Apartment Project Sells to Another Dallas Firm

Mitchell Parton, San Antonio Business Journal

Dec 30, 2021

---

Encore SoFlo marked a key shift in downtown residential development

The recently completed Encore SoFlo apartment complex downtown has sold.

GABE HERNANDEZ | SABJ

“Dallas-based SPI Advisory LLC along with joint-venture partners acquired the 339-unit Encore SoFlo apartments at 326 S. Flores St. Dec. 17, according to a LinkedIn post from the firm.

San Antonio is one of the most popular markets with apartment investors this year, with a surge of interest in Texas markets for their stability coming out of the pandemic. The local market in 2021 doubled its 2019 multifamily sales activity at $3.6 billion in volume, according to CoStar Group research.

SPI Advisory said it has acquired 1,160 units over the last seven months. That includes the Southtown Flats apartment complex along Probandt Street and Birwood Heights, a property just north of Shavano Park.”

Read the Rest of This Article

Read Other Articles on Encore SoFlo

---

Want to get in touch with SPI?