The Praedium Group has acquired Manor Lantana, a 348-unit, newly constructed suburban multifamily property in Lantana, FL. Built in 2022 and consisting of four four-story elevatored garden-style buildings with high-end finishes and an average size of 1,164 square feet., Manor Lantana offers two resort style swimming pools with cabanas and pavilions as well as a two story clubhouse featuring a wrap around porch plus multi room exercise wing and spa/golf simulator.
Chris Hughes Principal at Praedium commented that “acquiring this asset allows us to capitalize on the transforming location within the Palm Beach MSA which has had robust population growth but historically limited apartment development” adding that its part of 72 acre mixed use Water Tower Commons is going through positive transformation which will support continued growth for the property.
