Dallas & Austin-based SPI Advisory expands its Texas portfolio with the acquisition of Winsted at White Rock, a multifamily property in one of DFW’s most desirable neighborhoods.
“SPI Advisory (“SPI”) has successfully acquired Winsted at White Rock, a 314-unit Class A garden-style multifamily property located in the affluent Lakewood neighborhood of Dallas. This marks SPI’s 49th acquisition in DFW since its founding in 2014.
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Built in 1996, Winsted at White Rock is well-maintained and was only partially renovated by its previous owners, representing a significant value-add opportunity. To effectively compete with newer construction in the area, SPI plans to fully renovate the remaining classic units to a premium level, enhance common areas and amenities, and finish installing washers and dryers in all units.”