IRVING – Reap Capital purchased Spanish Trace, a 136-unit multifamily community at 1929 E. Grauwyler Rd.
Originally built in 1968 and last upgraded 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.
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