Real Estate Development Trust (No.1)
Sponsored By
Promoter & Current Owner
The Offering
The Lantower Real Estate Development Trust (No. 1) (the “REDT”) is a recently established, focused, unincorporated investment fund with a 3.5-year target investment horizon and a projected equity size of $52M USD. This REDT offers the chance to invest alongside H&R REIT and its sunbelt multifamily subsidiary, Lantower Residential in the development of Lantower Bayside in the Tampa MSA and Lantower Sunrise in the Orlando MSA. The fully zoned development sites are anticipated to commence construction following the closing of the offering.
(“Bayside”) is located in Pinellas County in the Tampa –St. Petersburg –Clearwater Metropolitan Statistical Area, one of Florida’s most densely populated counties. The Bayside property is strategically situated adjacent to U.S. Highway 19, providing access to the Westshore, Gateway and Bayside employment markets, and to beaches which are ranked among the top ten beaches in the U.S.
(“Sunrise”) is located in Orlando’s I-4 Tourism Corridor, one of the highest growth Orlando submarkets. The Sunrise property is strategically situated within a 10-minute drive of the Interstate 4 and Disney World, and has convenient access to other major Orlando employment centers.
(“Bayside”) is located in Pinellas County in the Tampa –St. Petersburg –Clearwater Metropolitan Statistical Area, one of Florida’s most densely populated counties. The Bayside property is strategically situated adjacent to U.S. Highway 19, providing access to the Westshore, Gateway and Bayside employment markets, and to beaches which are ranked among the top ten beaches in the U.S.
(“Sunrise”) is located in Orlando’s I-4 Tourism Corridor, one of the highest growth Orlando submarkets. The Sunrise property is strategically situated within a 10-minute drive of the Interstate 4 and Disney World, and has convenient access to other major Orlando employment centers.
Experienced and Aligned Management and Sponsorship Team with Strong Track Record
Strong Governance and Alignment of Interests with the Current Owner
Strong Site Location Fundamentals
Zoning Compliant and Entitled Development Projects with Advanced GMP, Development Budgets and Market Leading Designs Allowing for a Reduced Risk Profile
Institutionalized Markets with Strong Location Fundamentals
Rental Markets in Tampa and Orlando Poised for Growth Supported by Economic Stability and Propensity to Rent
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3.5 Year Project Time Frame*
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$10K Minimum Investment
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Registered Plan Eligible
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Public Reporting Issuer
Board of Trustees
Executive Officers
Unit Classes
Class A Units – commission-based accounts $CAD
Class U Units – commission-based accounts $US
Class F Units – fee-based accounts $CAD
Class E Units – fee-based accounts $US
Public Disclosure
2024
2025
Q1 2025 - Financial StatementsQ1 2025 - NewsletterQ1 2025 - Management’s Discussion and AnalysisQ2 2025 - Financial StatementsQ2 2025 - NewsletterQ2 2025 - Management’s Discussion and AnalysisQ3 2025 - Financial StatementsQ3 2025 - NewsletterQ3 2025 - Management’s Discussion and AnalysisQ4 2025 - Financial StatementsQ4 2025 - NewsletterQ4 2025 - Management’s Discussion and Analysis
FAQ
Who Manages the Fund?
The REDT will be managed by H&R REIT Management Services Limited Partnership (the “Canadian Manager”) and the JV LP will be managed by Lantower Management Services LP (the “U.S. Manager”, and together with the Canadian Manager, the “Manager”), each a subsidiary of H&R REIT. The Canadian Manager will be primarily engaged in the management of the REDT and the U.S. Manager will be primarily engaged in the development and construction of the Projects.Lantower Residential, the Current Owner and a subsidiary of H&R REIT, is a vertically integrated multifamily real estate company based in Dallas, Texas, focused on acquiring, developing, financing, and managing multifamily communities in the U.S. Lantower Residential focuses on driving growth and maximizing value through its disciplined investment strategy and portfolio management. Lantower Residential consists of 24 residential properties in select markets in the United States comprising 8,166 residential rental units, at H&R REIT’s ownership interest. In addition to hosting all capacities internally (property management, operations, accounting, human resources, marketing, asset management, etc.), Lantower Residential has an in-house development team that has over 5,000 residential rental units in the pipeline at various stages of zoning, pre-development, development and construction.Who promotes the fund?
H&R REIT (TSX: HR.UN) is one of Canada’s largest fully internalized real estate investment trusts with total assets of $10.8 billion at December 31, 2023. H&R REIT has ownership interests in a North American portfolio of high quality residential, industrial, retail and office properties comprising over 26.9 million square feet. H&R REIT’s strategy is to create a simplified, growth-oriented business focused on residential and industrial properties in order to create sustainable long-term value for unitholders. H&R REIT’s target is to be a leading owner, operator and developer of residential and industrial properties, creating value through redevelopment and greenfield development in prime locations within, among other markets, high growth U.S. Sun Belt and gateway cities.
Contact
For more information, contact Michael Loeb MLoeb@Lantower.com.