Hamilton Point Investments Acquires 300-Unit Multifamily Bridgewater Grand In Lakeland For $57.37M

The property involved in this transaction is a multifamily asset located at 5546 Autumn Ridge Road in Lakeland, Florida. The sale price for the multifamily community, which includes 300 units, was $57,370,000, resulting in a per unit price of approximately $191,233. The property was 95% leased at the time of closing.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $57,370,000
• Units: 300
• Buyer: Hamilton Point Investments
• Seller: TrimCor
• Broker Representatives: David Etchison, Cole Whitaker, Jason Stanton & Mary Beale - Berkadia

This transaction marks Hamilton Point Investments' first acquisition in the Lakeland region and its fifth acquisition in the state of Florida, highlighting the company's expansion strategy in the multifamily sector.