SPI Advisory disposes of distinguished urban North Dallas apartment complex
SPI Marketing
SPI Advisory disposes of distinguished urban North Dallas apartment complex
PRESS RELEASE | June 20, 2022
SPI Advisory, LLC
After a 2.5-year hold period, Dallas-based private equity firm, SPI Advisory, LLC disposes of the North Dallas apartment complex, Mark at Midtown Park.
On June 1st, 2022, the growing Dallas-based multifamily private equity firm, SPI Advisory, LLC (“SPI”) sold Mark at Midtown Park, an upscale, urban apartment community located in Dallas, Texas. Distinguishably situated to face Interstate 75, the vibrant orange and blue Preston Hollow property includes 274 spacious units, exceptional amenity spaces, and prime proximity to the area’s most prominent economic drivers and employment centers.
Just minutes from Dallas’ leading medical centers such as Medical City Dallas, Texas Health Presbyterian Hospital, and Medical City, Mark at Midtown appeals to a fair amount of Dallas residents working in the Healthcare industry. However, the apartment community’s immediate accessibility to US-75 & DART attracts commuters from all types of fields of employment from all over the metroplex. Mark at Midtown Park truly delivers the community lifestyle advantages of both work & play.
Mark at Midtown Park was initially acquired by SPI Advisory and its 1031 Exchange partners in 2019. Over the past few years, SPI and its partners have enjoyed overseeing the management and growth of this vibrant North Dallas community and look forward to witnessing its development under the management of the new owner.
SPI Advisory is a Texas-based multifamily private equity firm founded in 2014 & headquartered in Dallas, TX with a second office in Austin, TX. SPI transforms the way high-net-worth investors from across the country identify, assess, secure, & sell high-yield, tax-efficient multifamily real estate investments across the Texas region by offering tailored joint venture partnership & advisory services as well as democratized passive investing opportunities in institutional-quality multifamily assets to their increasingly diverse client base. Read more here.