Lantower Residential Real Estate Development Trust No. 1

About Lantower Residential Real Estate Development Trust No. 1

Lantower Real Estate Development Trust (No. 1) (REDT) is a recently established unincorporated investment fund focused on real estate development with a 3.5-year investment horizon. Sponsored by H&R REIT and its subsidiary Lantower Residential, it aims to develop multifamily properties such as Lantower Bayside in Tampa and Lantower Sunrise in Orlando, targeting growth in high-demand U.S. Sun Belt markets.

Products & Services

Lantower Bayside:A multifamily development project located in Pinellas County, Tampa-St. Petersburg-Clearwater MSA, strategically positioned near U.S. Highway 19 with access to key employment markets and top-ranked beaches.

Lantower Sunrise:A multifamily development project in Orlando's I-4 Tourism Corridor, within a 10-minute drive of Interstate 4 and Disney World, with access to major Orlando employment centers.

Investment Units:Offering various classes of investment units (Class A, U, F, E) for commission-based and fee-based accounts in CAD and USD, with a minimum investment of $10K and eligibility for registered plans.

Specialties

Multifamily Real Estate Development Investment in U.S. Sun Belt Markets Property Management and Operations Greenfield Development and Redevelopment

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: IPO T: - FT: IPO	A: 52000000 MR: - FA: US$52 million FAN: 52000000	D: 2024-03-28 FD: 2024-03-28	1 investors
2	RT: Initial Public Offering T: - FT: Initial Public Offering	A: 42000000 MR: - FA: US$42 million to US$52 million FAN: 42000000	D: 2024-02-20 FD: 2024-02-20	1 investors

IPO Latest

2024-03-28

$52.0M

1 investor (Pro only)

Initial Public Offering 2024-02-20

$42.0M

View 1 more funding rounds with Pro

Unlock Full Funding History

Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

View 3 more growth metrics with Pro

Unlock All Metrics

Mock Up

Team & Leadership

T

Tom Hofstedter

M

Michael Loeb

Chief Executive Officer

S

Samantha Adams

A

Andrew Elbaz

M

Mark Johnson

C

Cheryl Fried

Chief Financial Officer

View 4 more team members with Pro

Unlock Full Team Directory

Recent News