SPI Advisory acquired the newly renovated Parkview Terraces, a 244-unit apartment community built in 2009 and located in Austin 15 minutes south of Downtown. It was formerly known as “Cortland Southpark Terraces”. Parkview Terraces represents SPI’s 8th property under management in the Austin metropolitan area, totaling nearly 2,500 units.
Located fifteen minutes away from Downtown Austin, near Southpark Meadows shopping center, the Austin Business Journal reports Parkview Terraces offers its tenants resort-class amenities and proximity to Austin’s major employment, retail & entertainment centers for an affordable price.
SPI’s Michael Becker added, “Parkview Terraces being located south of Downtown in the I-35 corridor made this opportunity extremely attractive to us… It’s also near several of our other assets in the Kyle/Buda submarket. We’re bullish on the long-term growth prospects of this region and are looking forward to expanding our holdings here ahead of this continued growth.”
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.