{"id":1004053332,"date":"2011-07-28T06:44:19","date_gmt":"2011-07-28T14:44:19","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=11655"},"modified":"2022-12-09T00:32:17","modified_gmt":"2022-12-09T08:32:17","slug":"investors-flock-to-tampa-bay-apartment-assets","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/investors-flock-to-tampa-bay-apartment-assets\/","title":{"rendered":"Investors Flock to Tampa Bay Apartment Assets"},"content":{"rendered":"

By Georgiana Mihaila, Associate Editor<\/p>\n

Investment sales in Tampa Bay\u2019s multi-family market continue to heat up. In a $14.3 million transaction, a Houston-based partnership has acquired the 444-unit Chaparral apartments in Largo, Pinellas County\u2019s third-largest city. The 451,420-square-foot property is located at 601 East Rosery Road Northeast and was completed in 1971. The lender-approved short sale was arranged by Marcus & Millichap Real Estate Investment Services Inc., which represented both the seller and the buyer, a Massachusetts-based partnership.<\/p>\n

Offering one-, two- and three-bedroom floor plans, the complex\u2019s units are equipped with ceiling fans, walk-in closets, patio or balcony and washer\/dryer connections. Community amenities include three swimming pools with sun decks, tennis courts, a newly designed clubhouse and an exercise facility. The property also provides a boat storage area, 24-hour maintenance service and a car-washing\/vacuuming area.<\/p>\n

In Tampa\u2019s Carrollwood district, CAPREIT paid $39 million for Sabal Palm, a 432-unit Class A complex at 3602 Carrollwood Place Circle in Tampa. The community was built in 1995 and totals 419,040 square feet. Many of the one-, two-, and three-bedroom units have water views of a lake surrounded by the complex. Sabal Palm features a fitness center, swimming pool, business center and parking garages.<\/p>\n

South of Tampa Bay, in Sarasota, Insula Properties L.L.C. purchased the Beneva Place complex for $14.9 million. Located at 3451 Queens Street, the 192-unit apartment property is landscaped with mature trees and offers a large lake and an outdoor pool. The sale was arranged by two Cushman & Wakefield Inc. brokers, executive director Byron Moger and director Luis Elorza.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By Georgiana Mihaila, Associate Editor
\nInvestment sales in Tampa Bay\u2019s multi-family market continue to heat up. In a $14.3 million transaction, a Houston-based partnership has acquired the 444-unit Chaparral apartments in Largo, Pinellas County\u2019s third-largest city. The 451,420-square-foot property is located […]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1612],"tags":[],"class_list":["post-1004053332","post","type-post","status-publish","format-standard","hentry","category-latest","category-tampa"],"acf":[],"yoast_head":"\nInvestors Flock to Tampa Bay Apartment Assets - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/investors-flock-to-tampa-bay-apartment-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investors Flock to Tampa Bay Apartment Assets\" \/>\n<meta property=\"og:description\" content=\"By Georgiana Mihaila, Associate Editor Investment sales in Tampa Bay\u2019s multi-family market continue to heat up. 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