Castle Lanterra (CL) a leading New York-based national real estate investment firm, has awarded four new scholarships to residents at its properties across the country that are enrolling in undergraduate or graduate programs. 2023 marks the seventh consecutive year of the scholarship program, which assists current residents and their dependent children enrolling to an accredited two- or four-year college, university, or vocational-technical school in the upcoming school year.
Through its scholarship program, CL has awarded 28 residents with scholarships totaling nearly $60,000. Awards are granted without regard to race, color, creed, religion, sexual orientation, gender, age, disability, or national origin.
“For the seventh consecutive year, we are excited to award these scholarships to our residents as part of our ongoing effort to provide tangible quality of life initiatives in our communities,” said Elie Rieder, CEO and Founder of CL. “We are proud to be able to assist our most recent recipients and wish them the best as they take the next steps in their education.”
This year’s recipients included Wayne Day (Texas A&M) from Agave Apartments in San Antonio, TX; Shirin Gharibnavaz (Arizona State University) from The Link at Twin Creeks in Allen, TX; Macey Hedelund (Nova Southeaster University Tampa) from The Vue at Belleair in Clearwater, FL; and Alexa Sauvagere (University of Florida at Gainesville) from Broadstone McKinney in McKinney, TX.
Castle Lanterra
Formed in 2009 by Elie Rieder, Castle Lanterra (CL) is a privately held real estate investment company focused on repositioning multifamily communities, acquiring quality, new-construction properties and pursuing emerging investment opportunities in strategic growth markets throughout the United States. Mr. Rieder has bought and sold tens of thousands of residential units throughout the United States and is also responsible for managing his family office, which is diversified across asset classes. With an emphasis on intrinsic value and downside protection and a focus on achieving stable cash flows by implementing physical and operational enhancements, CL aims to maximize NOI and provide attractive risk-adjusted returns for its investment partners. Since inception, CL has completed over $3 billion of transaction volume across 12,000 multifamily units and over 890,000 square feet of commercial space.
For additional information on Castle Lanterra and how the company is positioned for future growth click here or visit https://youtu.be/Q2eQkOo7Q8I
