The Altman Companies Completes Sale of 350-Unit Altís Grand at The Preserve Luxury Apartment Community in Odessa, Florida

ODESSA, FL - The Altman Companies, a nationally recognized developer, builder and manager of exceptional rental apartment communities, and Phoenix Capital Holdings, Ltd., an independent private equity investment manager, announced the sale of Altís Grand at the Preserve, located in Odessa, Florida, to LaSalle Investment Management. Newmark Group, Inc. a commercial real estate service company, led by Vice Chairman Patrick Dufour, represented the sellers in the disposition to LaSalle Investment Management.

"We are pleased to complete the sale of Altís Grand at the Preserve to LaSalle Investment Management,” said Joel Altman, Chairman and co-CEO of The Altman Companies. “For over 53 years, The Altman Companies has developed a portfolio of rental communities that have redefined the Exceptional Living Experience in Florida and across the country and we are very proud to have developed this upscale, environmentally friendly community.”

Altís Grand at The Preserve offers well-appointed one-, two- and three-bedroom apartment homes ranging from 722- to 1,479-square-feet with private entry options. The Altman Companies completed the development of this first of its kind and environmentally friendly upscale residential community in June 2020. The property is National Green Building Standard (NGBS) certified and some of its sustainable initiatives include energy efficient designer lighting, ENERGY STAR® refrigerator, dishwasher and washer and programmable thermostat with humidistat.

“We are glad to have had the opportunity to establish a relationship with LaSalle through the sale of this special community from our portfolio,” added Seth Wise, co-CEO of The Altman Companies. 

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