Sembler, Argyle continue multifamily buying spree with Lutz apartments
By Christina Georgacopoulos
Tampa Bay Business Journal
Published: Jul 31, 2024

Tampa Bay real estate investment firms Sembler Investments Real Estate Partners and Argyle Real Estate Partners purchased two luxury apartment complexes in the Tampa Palms area for their fourth and fifth acquisitions since partnering up in a multifamily-focused joint venture two years ago.

Sage at Cypress Cay and Lantana at Cypress Cay in Lutz add 576 units to the firms' growing multifamily portfolio in the Southeast. Sale prices were not disclosed; the properties were built in 2022 and 2023, respectively. The firms were the first acquirers of the property post-stabilization.

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