SPI Advisory has acquired the newly renovated Parkview Terraces, a 244-unit apartment community located 15 minutes south of Downtown Austin. Formerly known as “Cortland Southpark Terraces”, the property is SPI’s 8th in the Austin metropolitan area and brings their total units under management to nearly 2,500.
Located near Southpark Meadows shopping center and just fifteen minutes away from Downtown Austin, Parkview Terraces offers resort-class amenities at an affordable price for tenants looking to be close to major employment centers, retail outlets and entertainment venues.
Michael Becker of SPI commented on this acquisition: “The location south of Downtown in the I-35 corridor made this opportunity extremely attractive…It’s also near several other assets we own in Kyle/Buda submarket which makes us bullish about its long term growth prospects.”
