“On July 19th, 2024, SPI Advisory (“SPI”) and its partners finalized the acquisition of Lana Apartments and Aspire Apartments as part of a two-property multifamily portfolio totaling 248 units. This strategic acquisition serves as SPI’s 48th acquisition in the DFW metroplex since its inception in 2014 and bolsters the firm’s portfolio to over 7,700 multifamily units currently owned and operated in the state of Texas.
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Located at the northern point of the “Golden Triangle of North Texas,” Lana and Aspire offer residents a unique blend of small-town charm with big-city living. Just 40 minutes north of Downtown Dallas and Downtown Fort Worth, these properties provide easy access to the metroplex’s top employers, entertainment centers, transportation, restaurants, universities, and public schools. Residents enjoy Denton’s vibrant arts and music scene, along with its beautiful parks, trails, and lakes, offering a rich cultural experience and ample outdoor activities. Additionally, Lana and Aspire are just a short distance from the University of North Texas (UNT), Texas Women’s University (TWU), Discovery Park, and Denton’s vibrant Downtown Square.”
