SPI Advisory Acquires 264-Unit Bradford Apartments in Metro Austin

by Taylor Williams

BUDA, TEXAS — Texas-based private equity firm SPI Advisory has acquired The Bradford, a 264-unit apartment community located in the southern Austin suburb of Buda. Built in 2010 as Trails at Buda Ranch, the property offers one-, two- and three-bedroom units, according to Amenities include a pool, fitness center and outdoor grilling and dining stations. Patton Jones of Newmark represented the undisclosed seller in the transaction. SPI Advisory will undertake a light capital improvement program at the property. Fritz Waldvogel of Colliers Mortgage originated an undisclosed amount of Fannie Mae acquisition financing for the deal.

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