NAPLES, Florida – (COMMERCIAL THREAD) – Halstatt Real Estate Partners, a real estate private equity firm, today announced the sale of the Lakeside Central apartments in Brandon, Florida. Halstatt, in partnership with Robbins Property Associates, purchased the property and implemented a valuation and improvement plan that significantly increased rental and occupancy rates.

“Robbins Property Associates has been a long-standing partner, and this sale marks our sixth achievement with the firm. Due to its proximity to downtown Tampa, the Brandon apartment market provides a strong value proposition for tenants looking for employment opportunities in Tampa but want the affordability of the suburbs, ”said Steve Iannaccone, director of Halstatt Real Estate Partners. “The Tampa MSA experienced disproportionate population growth during our ownership period, and our management partner positioned the asset to benefit from new market entrants, which led to operational outperformance. ”

The partnership has taken a hands-on approach to stimulate value creation in this multi-family project. Initiatives on this front included the installation of energy efficient stainless steel appliances, low-flow water faucets, durable vinyl flooring and upgraded designer cabinetry. In addition, the property’s amenities have been upgraded to include an enlarged resort-style swimming pool, outdoor summer kitchen, newly renovated club room with internet cafe, parcel center and bark park with fitness equipment. agility. The newly renovated 24-hour fitness center has state-of-the-art equipment and a separate fitness center for cross-training. As a result of these efforts, the property is currently over 98% leased, with the momentum being driven by the surrounding area and the desire for a culture of living, working and playing.

Halstatt Real Estate Partners identifies value-added and opportunistic real estate projects throughout Florida, the Southeast and Texas. The company partners with qualified sponsors to develop and implement a strategic business and capital improvement plan to maximize demand-driven acquisition and development opportunities.

About Halstatt Real Estate Partners

Halstatt Real Estate Partners (“HREP”), a women-owned real estate private equity firm, has been involved in the acquisition and development of over $ 1 billion in real estate assets in the South East since 2011 Founded by the Sproul family, based in Naples, Florida, and proud to be a part of Barron Gift Collier’s legacy in Southwest Florida, HREP invests in mid-sized commercial and residential real estate projects in value added and opportunistic. HREP works with the best local and regional operational partners to maximize the value of its real estate investments. HREP invests alongside a representative sample of institutional fund-to-fund sponsors, including charitable foundations and endowments, national and international family offices, and corporate pension funds with a history of continuity. www.halstatt.com

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