Topaz Capital Group Acquires 96-Unit Apartment Property in Lakeland

Topaz Capital Group has acquired Autumnwood Apartments, a 96-unit apartment property in Lakeland, FL. The sales price was not disclosed.

located at 1776 Harden Blvd Office, the property is three miles southwest of downtown Lakeland and was built in 1986. Topaz plans to invest approximately $1 million to upgrade the property and is in the process of rebranding it as Topaz Retreat Apartments Lakeland, which will be a sister community to the firm’s existing properties in Florida. Upgrades will include a leasing office, modern fitness center and updating all interiors and common areas, including pools and recreational areas. The property currently includes a resort-style swimming pool.

“We are excited to expand our footprint into the 1-4 corridor and greater Tampa / Lakeland markets with the acquisition of Topaz Retreat Lakeland,” said Jared Isaac, senior associate at Topaz Capital. “TOPAZ is committed to providing high quality affordable living throughout Florida with our strategic partners.”