Articles

10-19-17

Lantower Residential Acquires Seneca at Cypress Creek

“The acquisition of Seneca at Cypress Creek enables Lantower Residential to expand its current Tampa position with a large Class A institutional-quality asset in one of the strongest submarkets in Tampa. Outstanding public schools, combined with the growth of the Lutz/Wesley Chapel submarket and quick interstate access, makes Seneca at Cypress Creek a great addition to our Florida portfolio,” Lantower Residential COO Philippe Lapointe said in prepared remarks."

Read Full Article »

05-10-17

Lantower Residential Acquires Austin Apartments

“The acquisition of NSNE Apartments enables Lantower Residential to expand its current Austin position, with a newly built Class A asset, in one of the strongest employment stories in Austin,” said Philippe Lapointe, COO, Lantower Residential. “The locale relative to tech employers, coupled with the modern design, makes NXNE an immensely accretive acquisition.”

Read Full Article »

12-06-16

Lantower Makes First San Antonio-Area Buy

Lantower Residential entered the San Antonio market with its acquisition of the 312-unit, 327 Sunset multifamily complex in Alamo Heights, TX. The Dallas-based buyer paid the property’s developer, Georgia-based Flournoy Cos., an estimated $55 million to purchase the property. Ryan Epstein, Will Caruth and Mike Miller with Berkadia secured the buyer in the transaction.

Read Full Article »

12-02-16

Texas firm reportedly pays $55M for San Antonio Complex

The investment market for multifamily properties in San Antonio continues to outperform expectations. A 312-unit apartment complex in the city recently sold for a reported $55 million

Read Full Article »

12-01-16

Alamo Heights-area apartment complex sells for reported $55M

Lantower Residential has jumped into the city's rapidly expanding multifamily market after closing on the 327 Sunset apartment complex in the Alamo Heights area near the West Sunset Road and U.S. Highway 281 intersection.

Read Full Article »

07-18-16

322-unit Durham apartment complex sold for $60M

The 322-unit Realm Patterson Place apartment community in south Durham has been sold for $60 million to a Texas real estate investment firm making its first acquisition in the Carolinas. Lantower Residential of Dallas purchased the garden-style apartment community from a joint-venture led by The Bainbridge Companies and CNL Growth Properties.

Read Full Article »

04-28-15

Canadian REIT buys 2nd Orlando apartment complex for $53.3M

A Canadian real estate investment trust has snagged a second apartment complex in the Waterford Lakes area of east Orlando. Toronto, Ontario-based Waterford Multifamily Orlando LP, an entity related to H&R Real Estate Investment Trust, bought the 400-unit Century Waterford Lakes apartments at 12101 Fountainbrook Blvd. for $53.3 million, or about $133,125 per unit, Orange County records showed.

Read Full Article »

04-16-15

Canadian REIT buys Orlando apartment complex for $49.6M

Toronto, Ontario-based Tortuga Multifamily Orlando LP, an entity related to H&R Real Estate Investment Trust, spent $49.6 million — or $158,000 per unit — to buy the 314-unit Tortuga Bay at Waterford Lakes Apartments at 12932 Mallory Circle in east Orlando.

Read Full Article »