Riverbend Apartments
SPI Advisory and Riverbend ApartmentsOn September 28th, 2023, 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.
The property is conveniently located between the San Antonio and Austin metros along the I-35 corridor in the heart of New Braunfels.
This acquisition came exactly one month after SPI's acquisition of Parkview Terraces (formerly known as "Cortland Southpark Terraces"), a Class A, 244-unit apartment community located in South Austin. SPI now owns and operates 9 institutional-quality properties within the proximal submarkets of Austin, Kyle, and Buda, as well as 1,160 units in nearby San Antonio.