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Argyle Real Estate Partners and Sembler Investments Real Estate Partners (SIREP) have acquired a 576-unit multifamily portfolio located in Lutz, roughly 14 miles north of downtown Tampa. The acquisition includes the communities Sage at Cypress Cay and Lantana at Cypress Cay. 

Built in 2022, Sage at Cypress Cay totals 324 units. Apartments at the property feature one-, two- and three-bedroom layouts. Amenities include a resort-style pool with outdoor kitchens and firepits, a clubhouse, fitness center, dog park and pet spa. 

Lantana at Cypress Cay was developed in 2023 and comprises 252 units. According to a press release issued by Argyle, the property includes residences and amenities comparable to those of Sage of Cypress Cay.