Private equity firm SPI Advisory LLC has acquired The Bradford, a 264-apartment community in Buda, TX. This addition to their portfolio brings the total number of apartments owned by Dallas-based SPI in Buda and nearby Kyle to 1,074. According to the Austin Business Journal, plans are underway for half of these units to be upgraded while the other half will remain more affordable for a broader range of tenants.
Built in 2010 with 234,336 rentable square feet across three stories and unit sizes ranging from 600-1,150 square feet., The Bradford is well placed within Hays County which has experienced significant population growth over recent years – increasing from 157k people in 2010 up an estimated 269k as at July 2022 according U.S Census Bureau data – providing ample customer base potential for multifamily properties such as this one.
