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

Property Image
SOLD
$57,370,000
Jason Stanton
Cole Whitaker
+ 1

Florida

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MultiFamily
Sold 07/10/2025
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Property Image
SOLD

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

5546 Autumn Ridge Road

See Similar Deals
MultiFamily
Sold 07/10/2025
Jason Stanton
Cole Whitaker
+ 1
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Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale

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:

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.

Players

Cole Whitaker
17 deals$888.2M volume(407) 481-2126
BROKER

Jason Stanton
Berkadia
12 deals$565.6M volume(727) 674-4097
BROKER

David Etchison
Berkadia
4 deals$206.4M volume
BROKER

Mary Beale
Berkadia
3 deals$184M volume
BROKER

Berkadia
BROKERAGE

Details

SOLD
IMAGE: 07/10/2025 ADDRESS: 5546 Autumn Ridge Road MARKET: Lakeland ASSET TYPE: Multifamily BUYER: Hamilton Point Investments SELLER: TrimCor BROKERS: David Etchison, Cole Whitaker, Jason Stanton & Mary Beale (-) - Berkadia SALE PRICE: $57,370,000 UNITS: 300 ~ PPU: $191,233 NOTE: Hamilton Point Investments acquired Bridgewater Grand, a 300-unit apartment community in Lakeland, Fla., for $57.37M from TrimCor in a deal brokered by Berkadia. The property, 95% leased at closing, marks Hamilton Point’s first acquisition in the region and fifth in Florida.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,059,733.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$203,823.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$271,963.07
Annual Debt Service$3,263,556.83