Finance & Investment - Tampa

The NRP Group Expands Florida Footprint
The Cleveland-based company opened its 10th property in the state, a 274-unit market-rate community in Pinellas Park.
Market Rate
Frankforter Group Buys Tampa-Area Asset for $59M
Cortland sold the 448-unit community in Lutz, Fla., after six years of ownership. The buyer plans more capital improvements to the 1986-vintage property.
Market Rate
Taurus Adds to Tampa Portfolio with $59M Deal
The real estate private equity firm paid $173,529 per unit for the property, which was previously owned by Preston-Giuliano Capital Partners.
Market Rate

  • Clarion Partners Buy Tampa-Area Community

    JBM Institutional Multifamily Advisors arranged the $54.5 million sale of West Port Colony, located in St. Petersburg, Fla.

    14 August 2019 13:36

  • Tampa-Area Value-Add Community Sells for $18M

    The 143-unit multifamily asset traded for almost double the price it sold in 2012. The new owner intends to upgrade and reposition the Class B property.

    12 August 2019 14:05

  • SunTrust Provides $75M Loan for Tampa Project

    The Related Group broke ground last year on the 396-unit luxury waterfront community, Town Westshore. The four-story development will include a health spa.

    05 August 2019 13:31

  • Tampa Bay-Area Community Sells for $13M

    Milbrook Properties has sold the 111-unit multifamily property located 3 miles east of downtown Largo, Fla. Franklin Street brokered the transaction and secured the acquisition financing.

    24 July 2019 15:24

  • Tampa-Area Community Commands $39M

    MLG Capital acquired the 350-unit multifamily property northeast of downtown Clearwater, Fla., assuming more than $28 million in Fannie Mae financing from the seller.

    04 July 2019 11:01

  • Tampa-Area Community Trades for $80M

    The buyer, a partnership between Providence Real Estate and a Fortune 500 insurance firm, financed the sale with a $55.2 million Freddie Mac loan. Capital Ocean arranged the joint venture.

    03 July 2019 18:13

  • JV Acquires Tampa Multifamily Portfolio for $64M

    TruAmerica and RSE Capital Partners purchased a 262-unit community in Palm Harbor and a 192-unit asset in Pinellas Park. Newmark Knight Frank marketed the properties on behalf of the seller.

    02 July 2019 15:56

  • Tampa Community Trades for $44M

    The 400-unit multifamily property sits on 25 acres in the Town ‘N’ Country neighborhood. Berkadia negotiated the deal on behalf of the seller and procured the buyer.

    01 July 2019 16:04

  • Tampa Rental Property Commands $60M

    Axonic Properties acquired the asset from Sachs Cos. for the equivalent of $170,624 per unit, with JBM Institutional Multifamily Advisors facilitating the deal.

    26 June 2019 14:08

  • $43M Earmarked for Florida Housing Project

    Blue Sky Communities will use the financing provided by TD Bank to develop The Preserve at Sabal Park, a Tampa Bay-area community designated for working-class families.

    18 June 2019 13:33

  • Tampa Rental Property Commands $26M

    The Related Group purchased the 176-unit multifamily asset located in the Bayshore submarket. Cushman & Wakefield represented the seller and secured acquisition financing for the buyer.

    10 June 2019 15:48

  • Taurus Buys Tampa Community for $43M

    The private equity firm scooped up the 280-unit asset for its new value-added multifamily fund. Providence Management Co. sold the property located in the Carrollwood neighborhood.

    05 June 2019 14:08

  • Tampa Community Commands $13M

    Axonic Properties has sold the 110-unit multifamily property located near Hillsborough River. Franklin Street represented both buyer and seller in the transaction.

    31 May 2019 16:26

  • Tampa Bay Luxury Community Trades for $80M

    The 180-unit high-end residential property in Sarasota has obtained one of the highest prices per unit ever achieved in the Florida multifamily market.

    20 May 2019 16:05

  • Tampa Bay Luxury Community Lands $45M Refi

    Berkadia has arranged a 10-year Fannie Mae loan for the 227-unit multifamily property on behalf of a subsidiary of Primerica Group One.

    17 May 2019 19:58

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