Equity Street Capital and SPI Advisory Collaborate to Acquire 244-Unit Parkview Terrace Apartments in South Austin, TX

Parkview Terrace

San Diego, CA – September 11, 2022 – Equity Street Capital (ESC), in partnership with SPI Advisory, are excited to announce their recent acquisition of Parkview Terrace Apartments in Austin, TX.

Parkview Terrance is a 244-unit apartment community in South Austin. The property was originally developed in 2009 as Cortland Southpark Terraces and was recently renovated before the acquisition. Parkview Terraces features one-, two- and three-bedroom units that range in size from 700 to 1,348 square feet and amenities such as two pools, a clubhouse, fitness center, business center, outdoor grilling and dining stations and a dog park.

Conveniently located fifteen minutes away from Downtown Austin, just off of IH-35 near State Hwy 45 & FM 1626, Parkview Terraces offers tenants sizeable floor plans with contemporary design, resort-class amenities, and proximity to Austin’s major employment, retail & entertainment centers for an affordable price point compared to area South Central Austin submarkets.

About Equity Street Capital: Equity Street Capital is a San Diego-based commercial investment firm renowned for its focus on achieving attractive risk-adjusted returns while maximizing long-term capital appreciation.