SPI Advisory Acquires 164-Unit Apartment Community in New Braunfels, Texas

SPI Advisory Acquires 164-Unit Apartment Community in New Braunfels, Texas

Yield Pro | September 28th, 2023

 

Riverbend Apartments, located at 453 N Business Interstate Hwy 35 in New Braunfels Texas

“SPI Advisory and its partners finalized the acquisition of Riverbend Apartments (formerly known as “Hawthorne Riverside”), a 164-unit, Class A- institutional-quality apartment community built in 1995.

Riverbend Apartments boasts direct access to the Guadalupe River via a private 3.5-acre riverfront park for residents. The property has strong area demographics with an average household income of ~$107k within a 5-mile radius and benefits from quick access to a diverse economy of industries including tourism, distribution, manufacturing, data centers, healthcare, and aviation. Riverbend offers its residents the luxury of modern unit interiors complemented with exclusive access to its private park with walking and biking trails, a fire pit, BBQ/picnic areas, a volleyball court, kayaking, paddle boarding, and more.”

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