Tampa
Affordable Housing Portfolio Secures $142M in Financing
Harmony Housing tapped KeyBank Real Estate Capital to provide loans to six of its properties, located in Texas, Michigan, Wisconsin and Florida. Each property reserves half of the units for residents making 60 percent of the area median income.
Tampa Stays Hot
The metro’s market is healthy, displaying solid fundamentals and producing strong growth. Robust investor interest and broad employment gains are driving demand across asset classes, with population growth leading to higher occupancy rates and rents.
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.