Florida & Gulf Coast CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Sembler Obtains $82M Refi for 2 Tampa Apartment Communities
PGIM Real Estate has provided a $82 million fixed-rate loan to Sembler Investments Real Estate Partners to help them purchase a portfolio of multifamily properties in Lutz, Florida, a submarket of Tampa. Trevor Arnholt led the financing on PGIM’s behalf.
The two developments totaled 576 units. The loan was used to acquire two recently developed Class A, garden-style multifamily properties, Sage at Cypress Cay and Lantana at Cypress Cay.
The Sage at Cypress Cay at 14976 Osprey Nest Loop in Lutz, offers apartments with stainless steel appliances, a fitness center, a BBQ grill, a swimming pool, and a clubhouse.
For Lantana at Cypress Cay at 14854 Alcorine Pl, community amenities include a patio/balcony, fitness center, cyber café, clubhouse & lounge, pool, and BBQ grill.
An affiliate of Prudential, PGIM says it provides investors and borrowers access to a range of real estate, agriculture, impact and private equity solutions across the risk-return spectrum.
