Halstatt Real Estate Partners, a real estate private equity firm, has broken ground on its Argos by Soltura development.
“The demand for build-for-rent [BFR] properties remains strong, and our initial success at Odyssey by Soltura has energized us,” said Steve Iannaccone, principal, Halstatt Real Estate Partners. “In just six months, we achieved 90 percent occupancy, and tenant interest in this unique rental product has exceeded our expectations despite economic uncertainty. We are addressing worsening housing affordability in southwest Florida, caused by the current interest rate environment, by offering another highly differentiated rental alternative to the market.”
The property is located within five miles of the firm’s two other Fort Myers build-for-rent developments, Odyssey by Soltura and Altair by Soltura, which will provide a combined total of 429 units to the MSA. The project represents Halstatt Real Estate Partners’ third joint venture with South
