SPI, CR Capital Spin Off Tyler Apartments

SPI Advisory (“SPI”) and its Dallas-based investment partner, CR Capital, sold the Parker Apartments in Tyler, Texas, marking the completion of a six-year period of ownership. Acquired by SPI and CR Capital in 2018, Parker Apartments, a Class-B, 192-unit apartment complex, is located at 5105 Old Bullard Road. Over the years, SPI and CR Capital implemented extensive renovations, that included premium unit upgrades, modernization of the leasing office, revitalization of the pool and tennis court areas, installation of a package locker system, and more. The apartments were built in 1974.

Located within proximity to key economic hubs such as the University of Texas at Tyler, Broadway Square Mall, and Mother Frances Hospital, Parker Apartments offers residents unparalleled convenience. The property’s comprehensive amenity package includes stainless steel appliances, in-unit washers and dryers, private backyards and patios and a range of community features such as a resort-style swimming pool, business center, clubhouse, tennis court, and more.