BIRMINGHAM, Ala. – May 10, 2019 – Regions Bank announced today that the Birmingham Regions Real Estate Banking office recently financed a $54 million Class-A multifamily construction project in Brandon, Florida, 10 minutes outside of downtown Tampa.
Arlington Properties’ latest development will be known as the Tapestry Town Center and will consist of 287 units with a mix of one-, two- and three-bedroom apartments. The property is located at the mouth of the Selmon Expressway, which provides immediate access to I-75 and downtown Tampa to the west.
Additionally, the community will be within walking distance of the Westfield Brandon Mall, which houses over 190 retailers as well as other restaurants and retailers along SR 60, a rare amenity in the busy Tampa suburb. The walkability will be a major draw for the property as the area has been noted to have significantly more traffic and limited parking in recent years due to a surge of economic growth in its surrounding areas.
Arlington Properties, Inc. is a fully integrated real estate operating company that specializes in the development, construction, management and operating of multifamily properties which can be located at www.arlingtonproperties.net.
Regions Real Estate Banking is a team of four business groups – Real Estate Corporate Banking, Income Property Finance, Homebuilder Finance and Regions Affordable Housing – strategically assembled to meet the needs of professional real estate, companies, developers and investors.
Regions delivers competitive products with superior service marked by speed, certainty and creativity, leveraging the bank’s full capabilities to offer a wide range of integrated banking solutions to help real estate businesses succeed and grow.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $129 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest, and Texas, and through its subsidiary, Regions Bank, operates approximately 1,500 banking offices and 2,000 ATMs. Additional information about Regions and its full line of products and services can be found at www.regions.com.