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AUBREY, TEXAS — Texas-based investment firm SPI Advisory has purchased Encore 380, a 416-unit community in Aubrey, roughly 50 miles north of Fort Worth, Texas. Eastdil Secured represented the undisclosed seller in the transaction.
The property was originally built in 2017 as Century 380. Encore 380 offers a mix of one-, two-, three- and four-bedroom units featuring stainless steel appliances, granite countertops, kitchen islands and washer/dryer connections. Select residences also include private yards. Amenities include a pool, fitness center, clubhouse, playground, computer lounge, dog park, package lockers and outdoor grilling and dining stations.
SPI Advisory plans to upgrade unit interiors, building exteriors and common spaces.