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Reap Capital acquires 136-unit value-add in IrvingReap Capital acquires 136-unit value-add in Irvinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=260092021-06-07T05:00:00Z2021-06-07T17:00:00Z

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IRVING – Reap Capital purchased Spanish Trace, a 136-unit multifamily community at 1929 E. Grauwyler Rd.

Originally built in 1968 and last upgrad​ed in 2006, the property was 88 percent occupied at the time of sale.

Reap Capital will implement significant interior and exterior upgrades, including a rebrand of the property.

CBRE represented the seller, Lane Star Properties, and arranged financing on behalf of the buyer.​

Texas logoThe Texas Real Estate Research Center​​​​ has more multifamily news online for free:

​Source: CBRE​

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