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Transactions - JULY 29, 2024

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Argyle, Sembler Investments acquire 576-unit portfolio in Tampa, Fla.

by RELEASED

Argyle Real Estate Partners (Argyle) together with Sembler Investments Real Estate Partners (SIREP), whose strategic partnership began in 2022, announced the acquisition of Sage at Cypress Cay, a 324-unit, core-plus community, and Lantana at Cypress Cay, the neighboring core-plus, 252-unit community centrally located in Lutz, Fla., a suburb of Tampa.

"Tampa's explosive growth story began well before the pandemic, with submarkets like Lutz reaping the benefits of those tailwinds and emerging as a top destination for professionals and families," said Ryan Reyes, CEO at Argyle. "Given the Tampa Palms submarket's affluent demographics, proximity to major hospital systems and projected future growth, we feel great about planting this flag in our backyard with Sage and Lantana."

Built in 2022, Sage at Cypress Cay offers one-, two- and three-bedroom units with smart technology, stainless steel appliances, full-size washers/dryers, granite countertops, plank flooring and nine-

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