SPI Advisory Announces the Successful Sale of Class A Fort Worth Apartments After Five Years of Ownership

PRESS RELEASE | November 5th, 2024

SPI Advisory, LLC

Fort Worth, TX – SPI Advisory (“SPI”) is pleased to announce the sale of Northpoint Villas, a 276-unit Class A apartment community located in Fort Worth, Texas. The property, built in 2009, is situated just a 15-minute drive from Downtown Fort Worth, providing residents immediate access to one of the nation’s most rapidly growing urban centers (U.S. Census Bureau, Dec. ‘23). SPI closed on the transaction on October 30th, marking a successful exit after over five years of ownership.

Under SPI’s stewardship, Northpoint Villas underwent a series of strategic upgrades that enhanced its appeal to residents seeking both convenience and quality of life. The community is located near Fort Worth’s renowned cultural centers, lifestyle hubs, and employment centers including a 10-minute drive from AllianceTexas (66,000+ employees). Northpoint is also zoned to the highly regarded Keller ISD, offering families the ability to benefit from exceptional educational opportunities in a vibrant setting.

Positioned within the nation’s #2 job market (2023), residents enjoy a short commute to leading employers in the Dallas-Fort Worth metroplex, including Amazon, Coca-Cola, Charles Schwab, Lockheed Martin, and BNSF Railways – making it an ideal choice for professionals who value an elevated, balanced lifestyle.

“Northpoint Villas has been a standout asset in our portfolio over the past five years,” stated Michael Becker, SPI principal and co-founder. “With top schools, easy access to major employers, and a vibrant setting, it’s a property that truly offers the best of both worlds… Its sale is a testament to the quality of both the property and the Fort Worth market."

“We’re thrilled to deliver strong returns for our investors with this transaction and look forward to continuing our investment strategy in other high-growth markets,” said Sean Mabarak, SPI principal and co-founder.

Northpoint Villas was initially acquired by SPI Advisory and its partners as part of a two-property portfolio in 2019. Its partner property, Oaks on Marketplace in Kyle, Texas, was sold in May.

Read the Oaks on Marketplace Press Release

Read other Press Releases

About SPI Advisory, LLC

SPI Advisory is a Texas-based multifamily private equity firm headquartered in Dallas, with a second office in Austin. Since 2014, SPI has empowered high-net-worth investors across the country to confidently identify, assess, secure, & sell high-yield, tax-efficient multifamily real estate in Texas. Through joint venture partnerships, advisory services, and democratized passive investing opportunities, SPI offers a direct path to institutional-quality assets. Read more here, or apply to join our database to discover upcoming passive investing opportunities.