Hamilton Point Purchases 300-Unit Lakeland Apartment Community

Hamilton Point Purchases 300-Unit Lakeland Apartment Community
News| July 31, 2025| Mike Boyd
Florida & Gulf Coast + Apartment Buildings

Hamilton Point acquired the 300-unit Bridgewater Grand in Lakeland, Florida, for $57.4 million. TrimCor was the seller. Business Observer reports Trimcor paid $2.5 million for the then-vacant land in 2019. Construction began in 2020. The property was 95% occupied at the time of sale. Public records list the price at $57.4 million.

The property at 5546 Autumn Ridge Road is a three-story, garden-style apartment community on 31 acres. The property’s one-to three-bedroom apartments offer plans ranging from 1,219 to 1,853 square feet. The units offer private patios/balconies with storage and private offices in two-bedroom units. The amenities include 3,500 feet of lake frontage; zero-entry saltwater pool with large sundeck; 24-hour fitness facility; electric car charging stations, car care center and 56 garages available for rent; resident clubhouse with rentable conference room and event space, café bar, business center and TV lounge; playground and bark park; and a maintenance shop. 

David Etchison, Cole Whitaker, Jason Stanton, and Mary Beale of Berkadia Central & North Florida led the transaction on behalf of the seller.

Other News

One Beverly Hills Reaches Milestones Ahead of Schedule

California & West + Apartment Buildings

The development team behind One Beverly Hills (1BH) said construction on the $10-billion luxury mixed-use project is proceeding ahead of schedule. The Beverly Hilton expansion structure topped out approximately 10 weeks ahead of schedule and one of the residential towers is progressing six weeks ahead. “This was accomplished while significant operations were maintained at The...

Learn more

Metro Loft, David Werner Secure $231M Loan for Midtown East Residential Conversion

New York & Tri-State + Apartment Buildings

Northwind Group has originated a $231-million first mortgage construction loan for 675 Third Ave., a 32-story, 337,000-square-foot office building in Manhattan’s Midtown East neighborhood that is slated for conversion into residential apartments. The conversion is being led by a joint venture between Nathan Berman’s Metro Loft Management and David Werner Real Estate Investments. Loan proceeds...

Learn more

Rental Affordability Declines in Most Metros, but Improved Housing Quality is a Factor

Apartment Buildings

Rental housing affordability declined in 82% of U.S. metropolitan areas between 2014 and 2023, with renters experiencing the equivalent of an average $256 annual reduction in income after accounting for changes in housing quality. That’s according to a new report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America. The report, Housing...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up