Index Investment Group announces the successful closing as of
April 30th, of its deal with American
Landmark for The Pointe on Westshore, a 444-unit, 20-building
luxury rental apartment community located on the corner of S West
Shore Boulevard and Interbay Blvd in Tampa, FL that was completed in 2022. Index
will remain in the deal as a limited partner. Colliers' Florida
Multifamily Team acted as the advisor for Index Investment Group in
what was one of the largest sales of a stand-alone multifamily
asset in the market to date in 2024. The Pointe on Westshore was
constructed by Verdex Construction through the difficult times that
came with COVID-19. The property was successfully leased up and
managed by Arlington Properties.
TAMPA,
Fla., May 7, 2024 /PRNewswire-PRWeb/ -- Index
Investment Group announces the successful closing as of
April 30th, of its deal with American
Landmark for The Pointe on Westshore, a 444-unit, 20-building
luxury rental apartment community located on the corner of S West
Shore Boulevard and Interbay Blvd in Tampa, FL that was completed in 2022. Index
will remain in the deal as a limited partner. Colliers' Florida
Multifamily Team acted as the advisor for Index Investment Group in
what was one of the largest sales of a stand-alone multifamily
asset in the market to date in 2024. The Pointe on Westshore was
constructed by Verdex Construction through the difficult times that
came with COVID-19. The property was successfully leased up and
managed by Arlington Properties.
"We are thrilled to announce the closing of
this property and our partnership with American Landmark and
Joe Lubeck. The Pointe on Westshore
is an exceptional trophy community, where we designed every detail
from the ground up" said Bjarne
Borg, CEO and Co-Founder of Index Investment Group.
"We are thrilled to announce the closing of this property and
our partnership with American Landmark and Joe Lubeck. The Pointe on Westshore is an
exceptional trophy community, where we designed every detail from
the ground up", said Bjarne Borg,
CEO and Co-Founder of Index Investment Group.
"Alongside this closing, Index is launching its GP platform
where we are partnering with LP and JV investors to continue our
developments throughout Florida,
with a special focus on Palm Beach
County, Tampa, Lakeland, and Marathon. This is a significant step forward
in our mission to provide high-quality, sustainable rental housing
and hospitality options that Florida's numerous growing communities can be
proud of. Through our pipeline of development projects in Central
and South Florida, we are
positioned to deliver outstanding projects that cater to the needs
of our residents and local communities. Our partners will have the
opportunity to benefit from Index Investment Group's extensive
track record of successful real estate ventures, backed by a team
of industry experts with a proven ability to deliver exceptional
results. The platform offers an attractive investment vehicle for
those seeking long-term capital appreciation and stable income from
the thriving Florida real estate
market", Bjarne Borg continued.
Index Investment Group's pipeline of development projects is
strategically selected to capitalize on the strong economic growth
and increasing demand for rental housing and hospitality in
thriving areas. Each project has undergone meticulous planning and
development, incorporating work/live/play components,
sustainability, contemporary design, and amenities that enhance the
overall experience, while creating lasting value for residents,
guests, and investors alike.
For more information about Index Investment Group, please visit
http://www.indexinvest.com and for ongoing/upcoming projects
http://www.indexproperties.com.
About Index Investment Group
Index Investment Group is a dynamic real estate investment group
with its North American headquarters based in Jupiter, Florida that has major investment
initiatives in multifamily and senior living communities,
industrial/logistics, office, hospitality, and renewable energy.
Index Investment Group develops intelligently designed properties
with a focus on Florida and
contributes to the community through valuable and meaningful
investments. For more information about Index Investment Group,
visit http://www.indexinvest.com.
Media Contact
Joacim Borg, Index Investment
Group, 5615710367, joacim.borg@indexinvest.com,
www.indexinvest.com
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SOURCE Index Investment Group