Sembler Investments Real Estate Partners has secured an $82 million fixed-rate loan from PGIM Real Estate to support their acquisition of a multifamily property portfolio in Lutz, Florida. The properties, Sage at Cypress Cay and Lantana at Cypress Cay, consist of 576 units and are located in the Tampa submarket.
The Sage at Cypress Cay boasts modern amenities such as stainless steel appliances, a fitness center, BBQ grill area, swimming pool and clubhouse. Similarly, Lantana at Cypress Cay offers residents access to a patio/balcony area along with community features like a fitness center cyber café , clubhouse & lounge , pool and BBQ grill.
As an affiliate of Prudential Financial Inc., PGIM provides investors and borrowers with diverse real estate solutions including agriculture investments as well as private equity options across the risk-return spectrum.
