Cypress Real Estate Advisors is pleased to announce that they have begun pre-leasing luxury apartment homes at Loftin Place in West Palm Beach, Florida. The 259-unit mid-rise apartment community is located at 805 North Olive Avenue on 6th Street between Dixie Highway and Olive Avenue. Visitors are invited to stop by the community’s new on-site leasing office starting August 7, 2015. Loftin Place is the first multifamily development built in downtown West Palm Beach in over 10 years.

“We’re delighted to bring a first-class apartment development to West Palm Beach,” said Nader Salour, President of Cypress Realty of Florida. “Loftin Place has a modern take on a classic design complete with the latest amenities, controlled access and personalized service from our on-site management team.”

Loftin Place is professionally managed by Greystar. The community will include studios, one and two-bedroom apartment homes ranging in size from 578 to 1,050 square feet of living space. Designer interior finishes include quartz countertops, stainless steel appliances, European custom cabinetry and wood-style plank flooring. Floor plans will incorporate features such as gourmet kitchens, nine-foot ceilings, walk-in closets, washers and dryers, and private balconies or patios with scenic views of the intercostal waterway.

The community will include social spaces for residents, a state-of-the-art fitness center, yoga studio and conference room. Additional amenities include a resort-style swimming pool, sundeck and grilling stations. Residents will also be able to use the roof top running track, tennis courts and outdoor living room.

“Loftin Place offers a convenient location just minutes from I-95 and Palm Beach International Airport,” said Jeremy Scholl, Regional Property Manager for Greystar. “The community is close to a variety of restaurants, shops and entertainment venues on Clematis Street and nearby City Place and the Waterfront Promenade.”

Construction is expected to be completed December, 2015. The community will welcome first move-ins starting October 2015. For more information on Loftin Place, visit www.loftinplace.com.

About Cypress Real Estate Advisors
Cypress Real Estate Advisors is a private real estate investment and development firm that invests in a diverse group of real estate assets, primarily in the southwestern and southeastern United States. Since its inception in 1995, the firm has managed institutional real estate capital, and counts among its investors some of the largest private endowments, foundations and financial institutions. Cypress invests and develops across a wide spectrum of product types, including both single-family and multi-family residential, mixed-use land development, hospitality and commercial assets. To date, Cypress has raised and managed five discretionary investment funds that have placed almost $1 billion of equity on behalf of institutional investors to acquire and develop more than $2 billion in real estate assets.

About Greystar:
Greystar is a leading, fully integrated real estate company offering expertise in investment management, development, and property management of rental housing properties globally. Headquartered in Charleston, South Carolina with offices in the United States, United Kingdom, Mexico, and the Netherlands, Greystar is the largest operator of apartments in the United States, managing approximately 400,000 units in over 145 markets globally. Greystar also has a robust institutional investment management platform with over $10.0 billion in assets under management including $3.4 billion of developments underway. Greystar was founded by Bob Faith in 1993 with the intent to become a provider of world class service in the rental residential real estate business. To learn more about Greystar, visit www.greystar.com