Finance & Investment - Tampa
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Passco Buys FL Asset for $78M
The company acquired Springs at Bee Ridge in Sarasota, Fla. from Continental Property, and plans to rebrand the community as Longitude 82°.
29 May 2018 16:48 -
HTG Secures Financing for Affordable FL Community
Located at 932 Freedom Way in Brooksville, Fla., the project will include four garden-style, mid-rise buildings featuring 32 one-, 28 two-, and 34 three-bedroom apartments.
25 May 2018 12:30 -
Trinity Property Acquires $19M FL Community
Franklin Street’s Capital Advisors division arranged a 10-year Freddie Mac acquisition loan on behalf of the buyer, to purchase the 156-unit Villages at Laurel Meadows in Bartow.
18 May 2018 16:07 -
Fort Myers Community Lands $41M Loan
Located at 4930 US Highway 41, in the Cleveland Avenue Redevelopment Area, Grand Central Apartments will comprise a total of 280 one- and two-bedroom units.
09 May 2018 15:29 -
Marcus & Millichap Brokers Sale of FL Property
Fifth Avenue Courtyard is a 21-unit value-add community located in St. Petersburg. The buyer plans to upgrade the unit interiors.
26 April 2018 22:58 -
Insula Cos. Offloads Tampa Community for $21M
The asset sits a mile north of the University of South Florida’s campus and consists of 168 two-bedroom townhouse units.
03 April 2018 19:41 -
Tampa Bay Development Receives $35M Loan
DevMar Development received the mortgage to construct The Vantage, a 211-unit property in the Edge district of St. Petersburg.
21 March 2018 16:20 -
FLF Holdings Buys FL Asset for $111M
The firm has received $76 million in financing for the acquisition of a 900-unit property in Bradenton. The 10-year, fixed-rate loan was secured through Freddie Mac’s CME program.
16 March 2018 16:35 -
Collier Cos. Sells Tampa Bay Community for $30M
Marcus & Millichap worked on behalf of the seller in the disposition of Lakeside Apartment Homes, a 228-unit asset in Brandon, Fla.
01 February 2018 12:51 -
Marcus & Millichap Arranges Sale of 158 units of Park Village
The community, located in Largo, Fla., consists of 160 units, 158 of which traded for $20 million, or $130,000 per unit. The firm represented both the buyer and seller.
17 January 2018 22:00 -
Camden Snags St. Petersburg Community
The company acquired the newly constructed property for approximately $127 million. Previously known as Aer Luxury Apartments, the asset will be rebranded as Camden Pier District.
12 January 2018 17:58 -
St. Petersburg Community Sells for $46M
The 481-unit community traded to a New York-based buyer. The sale price equates to $96,000 per unit. IPA arranged the sale on behalf of the seller and procured the buyer.
12 January 2018 17:55 -
Tampa Community Changes Hands for $58M
HFF marketed the 274-unit, luxury apartment asset on behalf of the seller, Pollack Shores Real Estate Group. The property traded free and clear of existing debt.
09 January 2018 20:10 -
St. Petersburg Community Receives $24M Refi
The 212-unit community received refinancing proceeds through Freddie Mac's green lending program. Berkadia arranged the loan on behalf of the borrower.
03 January 2018 15:38 -
Keys to a Successful Development Strategy
BTI Managing Partner Noah Breakstone reveals how the company finds financing for its developments in Florida and the southeastern United States, and what he expects from the year ahead.
20 December 2017 14:44