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PALM HARBOR, FLA. — Chicago-based Wateron Residential has purchased 509 of the 774 units of Lansbrook Village, located in Palm Harbor. The 75-buildling property has amenities such as three pools, tennis courts, volleyball courts, interactive fountains, family playgrounds and an enclosed dog park.Wateron Residential partnered with Stratus Development and KMG Partners to purchase the units from ST Residential and was represented by Boca Raton, Fla.-based Apartment Realty Advisors.The units were acquired as part of Waterton Residential Property Venture XI, a $500 million discretionary multifamily investment fund.