The Altman Companies Sells Mixed-Use Community in Tampa, FL for $46 Million

Joel Altman

TAMPA, FL –– The Altman Companies, a nationally recognized developer of luxury apartment communities, announced the sale of its Altís Highland Park for $46 million to Utah-based Cottonwood Residential.

The luxury, mixed-use apartment community, located in Westchase at 11571 Fountainhead Drive, consists of 239 apartments and 5,000 square feet of retail space.

“The Altman Companies is proud to have delivered a first-class community for the highly desirable Westchase neighborhood,” said Joel Altman, chairman of The Altman Companies. “This sale shows the strong demand for luxury rental product in the area.”

Headquartered in Boca Raton, Fla., The Altman Companies delivered the first residences for Altís Highland Park in November 2014 and completed the lease-up in just one year. Altís Highland Park offers studio, one-, two- and three-bedroom floorplans with resort lifestyle amenities. Average monthly rents range from $1,193 to $2,028.

 For a complete copy of the company’s news release, please contact:

BoardroomPR

Ashley Fierman,

afierman@boardroompr.com

Todd Templin,

ttemplin@boardroompr.com

(954) 370-8999

www.AltmanCos.com.