GREA Dallas Closes the Sale of 248-unit Multifamily Portfolio Aspire and Lana Apartments in Denton Texas

GREA Dallas Closes the Sale of 248-unit Multifamily Portfolio Aspire and Lana Apartments in Denton Texas

Yield Pro | July 22nd, 2024

 

ASPIRE APARTMENTS located at 201 Coronado Drive

“GREA, specializing in serving private to institutional multifamily real estate investors, announces the sale of Aspire and Lana Apartments, a 248-unit apartment community portfolio located in Denton, Texas…The local Seller, Legacy REI, sold to Dallas-based SPI Advisory.

Reflecting on the transaction, Mark Allen, Executive Managing Director of GREA, noted, “Despite the challenging capital markets environment, there’s still an incredible amount of Buyer demand for workforce housing in the Dallas – Ft. Worth metroplex. SPI Advisory was selected not only for their robust experience and assurance of closing in the current market, but also for their ongoing efforts to improve the Denton community.””

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