Darron Kattan, Zachary Ames, Avery Jordan, Mark Savarese, Cary Brown and Cameron Wolfe of Franklin Street represented both the buyer, Topaz Capital Group, LLC, and the seller, Wells Boys & Girls Management.
Norfolk, Virginia-based Cohen Investment Group sold the property to South Florida-based Terra Equity Group.
The property traded above its initial pricing guidance, reinforcing an unyielding investor appetite for Central Florida multifamily.
The buyer was Southport Financial, one of the largest affordable housing developers/owners in the nation.
Franklin Street’s Tampa multifamily investment sales team represented the seller and the buyer in the all-cash transaction. CLICK ON THE HEADLINE FOR MORE
Ohio-based Bridgewater Apartment Partners, LLC acquired the property for $14.8 million, or $148,000 per unit, which represents the highest price per unit transaction ever for a similar vintage and asset class in Brevard County. CLICK ON THE HEADLINE FOR MORE
At $127,404 per unit, the deal marks the highest per unit values ever sold in north Orlando’s Rosemont area. CLICK ON THE HEADLINE FOR MORE
Robert Goldfinger, Darron Kattan, Kevin Kelleher, and Zachary Ames of Franklin Street represented the seller in the transaction. CLICK ON THE HEADLINE FOR MORE
Darron Kattan, Kevin Kelleher, Zachary Ames and Robert Goldfinger of Franklin Street Real Estate Services in Tampa represented the buyer in the transaction. CLICK ON THE HEADLINE FOR MORE
Franklin Street’s Darron Kattan, Kevin Kelleher, Zachary Ames and Robert Goldfinger represented the seller in the transaction. CLICK ON THE HEADLINE FOR MORE
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