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Private equity firm purchases New Braunfels multifamily complex

​NEW BRAUNFELS – Private equity firm SPI Advisory has acquired Hawthorne Riverside, a 164-unit multifamily complex.

Built in 1995, the property has one- and two- bedroom units, a pool, fitness center, volleyball court, pet park, clubhouse, business center, and outdoor grilling stations.

SPI Advisory plans to implement a value-add program and rebrand the property as Riverbend Apartments. ​​​


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