StoneBridge Snaps Up Tampa Asset for $63M
Walker & Dunlop provided a five-year acquisition loan.
StoneBridge Investments has purchased Luxe at 1820, a 300-unit upscale community in Brandon, Fla., a Tampa, Fla., suburb. Electra America sold the asset for $62.7 million, according to Yardi Matrix information.
Walker & Dunlop issued a $54.6 million acquisition loan scheduled to mature in January 2031, the same data provider shows. The new owner plans to modernize units and refresh amenities.
Luxe at 1820 previously traded in 2019, when Electra America bought it from Cortland for $53.7 million.
Tampa’s multifamily transaction volume during the first 11 months of 2025 stood at almost $1.5 billion, with 40 assets changing hands at an average per-unit price of $185,245, according to Yardi Matrix information. This marked a significant drop from last year’s total figure of $2.2 billion, when 48 properties traded at an average price of $222,810 per unit.
A luxury southeastern community
The community came online in 2009 at 1820 Crosstown Club Place on a 17-acre site. The property is close to major thoroughfares, including U.S. Route 301 and Interstate 75, which connect the garden-style property to downtown Tampa, some 9 miles west. Additionally, it is within 2 miles of several retail options.
Luxe at 1820 features 18 two- and three-story buildings enclosing 128 one-bedroom, 148 two-bedroom and 24 three-bedroom floorplans. Unit range from 780 to 1,372 square feet and comprise private balconies or patios.
Common-area amenities include a fitness center, business center, clubhouse, swimming pool with beach entry, spa and grade-level parking with more than 600 spots. Additionally, the property also has a dog park, bar and grill area, poolside cabanas and a picnic area.
