Oaks on Marketplace
SPI Advisory and Oaks on MarketplaceOn May 22nd, 2024, SPI Advisory finalized the sale of Oaks on Marketplace, a 254-unit, Class A apartment complex constructed in 2017 and located at 20400 Marketplace Avenue in Kyle, TX, the third fastest-growing city in the country (U.S. Census Bureau, Dec '23)'.
Located along the high-growth IH-35 corridor, just seven miles south of Austin, Oaks on Marketplace attracts renters seeking a luxurious yet casual Austinite lifestyle at an affordable price. SPI Advisory and its partners acquired the newly constructed property directly from the developer as part of a two-property portfolio in 2019. The sale of Oaks on Marketplace marks the completion of over five successful years of ownership and is SPI’s first property disposition of its Central Texas portfolio.