Argyle Real Estate Partners and Sembler Investments Acquire Sage and Lantana at Cypress Cay in Lutz, Florida
Argyle Real Estate Partners and Sembler Investments Acquire Two Premier Communities in Tampa Suburb
Lutz, FL – In a strategic move to expand their footprint in the rapidly growing Tampa market, Argyle Real Estate Partners LLC and Sembler Investments Real Estate Partners (SIREP) have jointly announced the acquisition of two multifamily communities: Sage at Cypress Cay and Lantana at Cypress Cay. This acquisition adds a total of 576 units to their portfolio, solidifying their presence in one of Florida’s most vibrant suburban areas.
The two properties, located in Lutz, Florida—a suburb just north of Tampa—are poised to benefit from the region’s explosive growth, which has been fueled by an influx of professionals and families seeking quality living spaces. Ryan Reyes, CEO of Argyle, expressed enthusiasm about the acquisition, stating, “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.”
Modern Living with Top-Notch Amenities
Sage at Cypress Cay, built in 2022, features 324 units equipped with modern amenities including smart technology, stainless steel appliances, and granite countertops. Residents can enjoy a resort-style pool, outdoor kitchens, a state-of-the-art fitness center, and a large bark park for pets. Lantana at Cypress Cay, completed in 2023, mirrors these offerings, providing an equally luxurious living experience.
Both communities are strategically located near major healthcare and educational institutions, including the University of South Florida and Advent Health’s main hospital campus. This proximity not only enhances the appeal of the properties but also positions them to attract a diverse range of residents, particularly those employed in the thriving healthcare and education sectors.
Mark Sembler, CEO of SIREP, highlighted the strategic significance of the acquisition, noting, “Sage and Lantana presented an excellent opportunity to jump into our hometown market, which has continued to sustain impressive growth over the last several years.” He emphasized the properties’ advantageous location near Downtown Tampa and major highways, providing residents with easy access to the Bay’s award-winning beaches and local attractions.
Future Enhancements on the Horizon
As part of their commitment to maintaining high-quality living environments, Argyle plans to implement minor capital improvements to both communities upon takeover. These enhancements aim to further elevate the appeal of Sage and Lantana, ensuring they remain competitive in a bustling rental market.
With the acquisition of Sage and Lantana at Cypress Cay, Argyle Real Estate Partners and Sembler Investments are not only expanding their portfolio but also contributing to the ongoing development of Lutz as a premier destination for modern living. As Tampa continues to grow, these properties are well-positioned to meet the demands of a diverse and dynamic population.
For more information on Argyle Real Estate Partners and their latest acquisitions, visit Argyle Real Estate Partners.