NAPLES, Fla.--(BUSINESS WIRE)--
Company Acquires Office Building and Apartment Portfolio
Halstatt Real Estate Partners, a real estate private equity firm, today announced the purchase of two additional properties. The company acquired Trade Centre South, a 215,000 square foot Class A office building in Fort Lauderdale and SunMeadows Portfolio, a three-property multifamily portfolio with 538 units located in Gainesville and Daytona Beach.
“Florida’s job growth rate is more than double that of the rest of the country and is on pace to add more than one million jobs over the next eight years,” said Katie Sproul, chief executive officer, Halstatt. “We continue to expand throughout the state by identifying value add and opportunistic investments in commercial and multifamily real estate assets.”
Trade Centre South – Fort Lauderdale, Fla.
A 215,000 square-foot, 10-story, multi-tenant, Class A office building located in Fort Lauderdale, Fla. and acquired in partnership with Cardinal Point Management, an investment and property management firm. The building is located in the Cypress Creek submarket, approximately eight miles north of downtown Fort Lauderdale. The area is known as a tech-oriented submarket, with convenient dining, lodging and other accommodations. Upon acquisition, the property was 87% leased and is easily accessible via Interstate-95 and the Cypress Creek Tri-Rail Station.
SunMeadows Portfolio – Gainesville and Daytona Beach, Fla.
The SunMeadows Portfolio, a three-property, Class B multifamily portfolio, acquired in partnership with GoldOller Real Estate Investments, a vertically integrated investment firm.
Windmeadows is a 323-unit property located in Gainesville, Fla. less than two miles from the University of Florida’s Main Campus. The property is ideally situated adjacent to more than two million square feet of commercial space within the Butler Plaza retail center and the Butler Plaza Town Center.
The Sun Pointe properties, located in Daytona Beach, Fla., are comprised of two buildings totaling 215 units. The properties are in close proximity to the Daytona Beach International Airport, the Daytona Beach Main Street Pier and the Daytona 500 Club as well as shopping and restaurants.
About Halstatt Real Estate Partners
Halstatt Real Estate Partners (“HREP”), a women-owned real estate private equity firm, has participated in the acquisition and development of over $850 million in Florida-based real estate assets since 2011. Founded by the Sproul family, based in Naples, Florida, and a proud part of the Barron Gift Collier legacy in Southwest Florida, HREP invests in commercial and residential real estate projects. HREP works with best-in-class local and regional operating partners to maximize the value of its real estate investments. HREP invests alongside a cross-section of institutional limited partners with a history of continuity from fund to fund including charitable foundations and endowments, domestic and international family offices, and corporate pension funds. www.halstatt.com