DALLAS, TX - Dallas-based Lantower Residential announces the acquisition of Lantower Brandon Crossroads, a 450-unit community in Brandon, Florida. Lantower Brandon Crossroad’s location has unrivaled visibility and provides a 10-minute commute to downtown Tampa.
“We’re delighted to close our second seamless transaction with the esteemed Bainbridge Companies. Lantower Brandon Crossroads represents an institutional quality asset in a submarket with terrific rent growth potential. Securing this asset enabled us to grow our Tampa position to over 1,200 units while increasing our efficiencies within the Lantower operating platform.” Lantower Residential COO Philippe Lapointe said in prepared remarks.
Built in 2016, the community features modern one-, two- and three- bedroom floorplans with 237 attached garages. Interior amenities include Quartz counters and vanity tops, mosaic tile backsplash, stainless steel appliances, designer lighting, screened lanais, and keyless fob entry. Residents enjoy two full amenity sets with two state-of-the-art fitness centers, two resort-style pools with sundecks, and two dog parks with pet washing stations.
Located at 10440 Sanderling Shores Drive at the Interstate 75 and Selmon Expressway intersection, the property provides excellent visibility to well over 100,000 cars per day. In addition to its immediate proximity to major employers positioned along the I-75 Employment Corridor, the property also benefits from a variety of retail and entertainment destinations including Westfield Brandon Mall and TopGolf.
Lantower Residential’s portfolio now encompasses 16 multi-family properties consisting of 5,633 residential units.
Lantower Residential is a vertically integrated real estate company and subsidiary of H&R REIT specializing in the acquisition, ownership, and management of multifamily communities in the U.S. We aim to create real value for our shareholders through a disciplined acquisition and management strategy by seeking financially sound multifamily investments in growth markets. We focus on those submarkets where we have vast institutional knowledge and apply our proven knowledge to the acquisition, financing, renovation, management, and positioning of each deal.