SPI Advisory, LLC announced the sale of Northpoint Villas, a 276-unit Class-A apartment community in Fort Worth, Texas.
The property, built in 2009, is situated just a 15-minute drive from Downtown Fort Worth, providing residents immediate access to one of the nation’s most rapidly growing urban centers (U.S. Census Bureau, Dec ‘23). SPI closed on the transaction on October 30th, marking a successful exit after over five years of ownership.
Under SPI’s stewardship, Northpoint Villas underwent a series of strategic upgrades that enhanced its appeal to residents seeking both convenience and quality of life. The community is located near Fort Worth’s renowned cultural centers, lifestyle hubs, and employment centers including a 10-minute drive from AllianceTexas (66,000+ employees). Northpoint is also zoned to the highly regarded Keller ISD, offering families the ability to benefit from exceptional educational opportunities in a vibrant setting.
Positioned within the nation’s #2 job market (2023), residents enjoy a short commute to leading employers in the Dallas-Fort Worth metroplex, including Amazon, Coca-Cola, Charles Schwab, Lockheed Martin, and BNSF Railway – making it an ideal choice for professionals who value an elevated, balanced lifestyle.
Northpoint Villas was initially acquired by SPI Advisory and its partners as part of a two-property portfolio in 2019. Its partner property, Oaks on Marketplace in Kyle, Texas, was sold in May.
