“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.””