Tampa
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.
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.
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.
Related Debuts, Breaks Ground on Luxury FL Communities
Expanding its Icon brand in Central Florida, the company unveiled Icon Harbour Island in Tampa and started construction on Icon Central in St. Petersburg.
Marcus & Millichap Brokers Sale of 281 Units of Oakbrook Village
The property, located in Clearwater, Fla., comprises 296 units in total, of which 281 sold for $25.8 million, or $91,815 per unit.
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.
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.
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.
Vesper Buys 560-Bed FL Community
The student housing acquisition marks Vesper’s second in the USF market. The property offers a mix of two- and four-bedroom units.
Tampa’s 10 Biggest Multifamily Deals in 2017
As Tampa’s apartment market is going strong and investors show strong interest in the market, Yardi Matrix rounded up the 10 biggest deals of the year.