Tampa
RADCO Acquires 6th Tampa Community
Newly renamed Sunstone Palms, the 536-unit community will be the beneficiary of nearly $8 million worth of capital improvements.
Passco Acquires $50M Luxury Community
The company is expanding its footprint with a new Class A, luxury community, located near Tampa Bay and major area employers.
Allen Morris Opens LEED-Certified Tampa Bay Community
Located in the heart of downtown St. Petersburg, the $73 million, 348-unit community’s 103 units are already leased. One of its highlighted amenities include a dedicated gallery space in collaboration with the Morean Arts Center.
Franklin Street Closes Sale of 111-Unit Florida Asset
Cornerstone Pointe Apartments traded for $10.6 million. Milbrook Properties Ltd. purchased the community from Everett Realty Services. The community last traded in 2010 for $3.6 million.
Wood Partners Sells Tampa-Area Community
Northland Investment Corp. paid $52.9 million for the newly constructed property. Located at 23700 Viento Drive, The Village at Terra Bella consists of 14 three-story buildings and an 11,000-square-foot clubhouse with sports lounge.
Electra America Adds New EVP
Stacey Bondar joined the company as executive vice president of asset management. She will be responsible for overseeing the property management teams of the company’s 70 multifamily communities.
Campus Advantage Sells 42North at University of South Florida
Since acquiring the 420-bed community 36 months ago, the company has pursued a value-add investment strategy that has grown grew NOI by nearly 36 percent.
Berkadia Finalizes Transactions in NY, FL
The firm secured financing for an affordable 130-unit property, called Tony Mendez Apartments, in Manhattan and two properties, called Fernwood Grove and Poplar Park Terrace, totaling 293 units in Tampa.
Campus Advantage Sells University of South Florida Asset
The company acquired On50 in 2014 and executed a value-add investment strategy. It addressed the property’s deferred maintenance issues, and partnered in an integrated marketing approach delivered by industry specialist Catalyst.
Federal Capital Partners Takes 2 in Tampa
The company, which is headquartered outside of Washington, D.C., expanded its Florida footprint with the $21 million acquisition of two properties totaling 292 units.