Sold Portfolio
'Texas 530' – Oaks on Marketplace and Northpoint Villas
In Q2 2019, SPI Advisory acquired two properties: Oaks on Marketplace and Northpoint Villas. Oaks on Marketplace was acquired first on May 7th, 2019, followed by Northpoint Villas (formerly "Bella Vista Apartments") a few weeks later on May 23rd, 2019. The sale of Northpoint Villas in October of 2024 concluded the portfolio's life-cycle. During the course of over five years of ownership, SPI and its partner implemented a series of strategic upgrades to each of the property's, enhancing both resident quality of life and the property's respective values.
Project-level Returns:
Equity Multiple:
2.00x
IRR:
16%
About Oaks on Marketplace
On May 22nd, 2024, after a 5-year hold period, SPI Advisory disposed of Oaks on Marketplace, a 254-unit Class A apartment complex constructed in 2017 and located just seven miles south of Austin at 20400 Marketplace Avenue in Kyle, TX. The property attracted a pool of residents seeking a luxurious yet casual Austinite lifestyle at a more affordable price.
Year Built
2017
Units
254
Property Class
A
Hold Period
60 mos.
Year Built
2017
Units
254
Property Class
A
Hold Period
60 mos.
