June 3, 2019 | Press Release
HQ Capital closes on two multifamily developments in Florida
New York, NY / Bad Homburg, 03 June 2019. HQ Capital, a leading independent manager of alternative investments, announces its recent real estate investments in two Florida multifamily developments. The firm closed on a joint venture with Wood Partners to develop Alta Pinellas Park, a 288-unit garden apartment property in the Pinellas Park submarket of Tampa, FL, in March 2019, and is now partnering with Trammell Crow Residential to develop Alexan Plantation, a 248-unit garden apartment property in the Plantation submarket of Fort Lauderdale, FL.
“We have had a long and successful history of investing into Southeast growth markets primarily due to their strong demographic fundamentals and employment growth,” commented Jeremy Katz, Co-Head of Real Estate at HQ Capital.
Alta Pinellas Park, situated on US Highway 19, will offer Class-A unit finishes and community amenities such as a resort-style swimming pool, fitness center and interior corridors. Construction began in March 2019.
Alexan Plantation, centrally located on US Highway 441, will feature Class-A unit finishes, and community amenities will also include a fitness center and resort-style swimming pool. Construction is expected to start next month.
Both projects are aligned with HQ Capital Real Estate’s 30-year strategy of pursuing opportunistic investments in select high-growth markets throughout the U.S.