Limited Liability Company Acquires 254-Unit Apartment Community in Kyle, Texas

KYLE, TEXAS — SPI Oaks 254 LLC has acquired Oaks on Marketplace, a 254-unit multifamily community located in the Central Texas city of Kyle. The property features one-, two- and three-bedroom units with hardwood-style floors, private patios or balconies and individual washer and dryer connections. Amenities include a pool, fitness center, media room and outdoor kitchen. Dougherty Mortgage arranged an undisclosed amount of acquisition financing for the deal. That loan carried a 10-year term and a 30-year amortization schedule. The seller and sales price were not disclosed.