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Top Multifamily Transactions in Tampa

Top Multifamily Transactions in Tampa

November 20, 2020


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The Multifamily Firm combs through the latest multifamily property transactions, sales, and acquisitions in the Tampa region to aggregate a list of the most recent transactions in the area. In the past quarter of 2020, there have been several major multifamily deals, including one transaction over $100M and four over the $50M mark.

The majority of the transactions on the current list were built before 1990 with a few exceptions. One of the sales involved a multifamily complex that was built less than a year ago in 2019.

If you have recent transactions you would like to add to our comprehensive list, contact us directly.

Top Multifamily Sales in Tampa Area

1) Trellis at the Lakes (St. Petersburg, FL)

Address: 11401 Dr Martin Luther King Jr St
Units: 688
Price:
$114,000,000
Price / Unit: $165,698
Buyer: Stoneweg US
Seller:
ESG Kullen
Year Built:
1981
Community Amenities: Fitness center, business center, clubhouse, tennis and basketball court, six laundry rooms, and two swimming pools

2) Tapestry Cypress Creek (Land O’Lakes, FL)

Address: 2300 Tapestry Park Drive
Units: 341
Price:
$78,500,000
Price / Unit: $230,205
Buyer: Passco Cos.
Seller:
Arlington Properties and Brightwork Real Estate
Year Built: 2019
Community Amenities: Swimming pool, fitness center, business center, and club room

3) Veranda at Westchase (Tampa, FL)

Address: 12401 W Hillsborough Ave
Units: 390
Price:
$70,500,000
Price / Unit: $180,769
Buyer: Bridge Investment Group
Seller:
Forum Real Estate Group
Year Built: 1999
Community Amenities: Two swimming pools, tennis court, fitness center, and spa

4) Woodland Key (Clearwater, FL)

Address: 2770 Roosevelt Blvd
Units: 416
Price:
$55,800,000
Price / Unit: $134,134
Buyer: Ashcroft Capital
Seller:
Private Investor
Year Built: 1974
Community Amenities: Gym, two swimming pools, two laundry facilities, and dog park

5) Palm Avenue Apartments (Tampa, FL)

Address: 10610 N 30th St
Units: 369
Price:
$43,700,000
Price / Unit: $118,428
Buyer: Coltown Properties Inc
Seller:
TLR Group
Year Built: 1975
Community Amenities: Two swimming pools, a playground, fitness center, and community clubhouse

6) Viera Bayside (St. Petersburg, FL)

Address: 110th Ave N
Units: 208
Price:
$30,800,000
Price / Unit: $148,077
Buyer: Bridge Investment Group
Seller:
Forum Real Estate Group
Year Built: 1986
Community Amenities: Renovated clubhouse, gym, and business center

7) Turtle Creek (Lutz, FL)

Address: 14620 Turtle Creek
Units: 232
Price:
$30,600,000
Price / Unit: $131,897
Buyer: American Residential Investment Management
Seller:
Praxis Capital 
Year Built: 1985
Community Amenities: Two swimming pools, fitness center, and laundry facilities

8) Lois Landing (Tampa, FL)

Address: 215 S Lois Ave
Units: 56
Price:
$10,000,000
Price / Unit: $165,698
Buyer: Private Investor
Seller:
Private Investor
Year Built: Not Listed
Community Amenities: Resort-style pool, hot tub, cabanas with fire pit, and a fitness center

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