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Seven Lakes at Carrollwood in Tampa, Florida
FloridaInvestment SalesNewsSoutheast

Cushman & Wakefield Arranges Sale of Seven Lakes at Carrollwood in Tampa, Florida

by Channing Hamilton

TAMPA, FLA. — Cushman & Wakefield has arranged the sale of Seven Lakes at Carrollwood, a 640-unit community in Tampa. Bridge Investment Group purchased the property from a fund managed by Covenant Capital Group LLC. Mike Donaldson and Nick Meoli of Cushman & Wakefield represented the seller in the deal. Seven Lakes at Carrollwood was built in 1982 and features a mix of studio, one- and two-bedroom floor plans. Amenities include two pools, a clubhouse with a fitness center, car care center, walking paths and access to seven community lakes. According …

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ParkCrest Landings Apartments in Bradenton, Florida
FloridaInvestment SalesNewsSoutheast

JBM Brokers $102 Million Sale of ParkCrest Landings Apartments in Bradenton, Florida

by Channing Hamilton

BRADENTON, FLA. — JBM Institutional Multifamily Advisors has brokered the $102 million sale of ParkCrest Landings, a 400-unit community in the Sarasota suburb of Bradenton. Passco Cos. sold the asset to an undisclosed buyer. ParkCrest Landings comprises 17 residential buildings, three amenity and clubhouse buildings and two pools on a 78.4-acre site. The property offers one-, two- and three-bedroom apartments with an average size of 1,026 square feet.

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Affordable HousingFloridaInvestment SalesNewsSoutheast

ZOM Living Sells Sorrento Affordable Community in Miramar, Florida

by Channing Hamilton

MIRAMAR, FLA. — ZOM Living has brokered the sale of Sorrento, an affordable housing complex in Miramar, to Related Cos. for an undisclosed price. Sorrento offers 320 garden-style units to households earning at or below 50 to 60 percent of the area median income. Units come in one-, two- and three-bedroom layouts. Rents range from $826 for a one-bedroom unit to $1,382 for a three-bedroom apartment. The property was originally financed through the federal Low Income Housing Tax Credit program, along with various state and county debt financing programs.

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BerkadiaFloridaInvestment SalesNewsSoutheast

Berkadia Brokers Sale of Reserve at Palmer Ranch in Sarasota, Florida

by Channing Hamilton

SARASOTA, FLA. — Berkadia has arranged the sale of Reserve at Palmer Ranch, a 320-unit community located at 4100 Winners Circle in Sarasota. Built in 1990, Reserve at Palmer Ranch features two- and three-bedroom units, as well as a fitness studio, two pools, bark park, car care center and a courtyard with communal games. Strategic Holdings sold the asset to MLG Capital. Berkadia’s Jason Stanton, Cole Whitaker and David Etchison represented the seller in the deal. John Koeijmans of Berkadia’s Dallas office arranged financing on behalf of the buyer. The …

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Atlantica at Town Center in Davenport, Florida
DevelopmentFloridaLeasing & MarketingNewsSoutheast

Sovereign Properties, Invest Capital Group Open Atlantica at Town Center in Davenport, Florida

by Channing Hamilton

DAVENPORT, FLA. — Sovereign Properties and Invest Capital Group have opened the first phase of Atlantica at Town Center, a 360-unit complex in Davenport. The property is currently 60 percent leased. Units come in one-, two- and three-bedroom floor plans ranging from 683 square feet to 1,435 square feet in size. Amenities include a pool with cabanas, outdoor kitchen, fitness center, pet park, dog spa, yoga studio, clubhouse, package lockers, storage units and on-site security. The developers expect to break ground on phase two of the project later this year. …

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BerkadiaBuild-to-RentDevelopmentFloridaInvestment SalesNewsSoutheast

Berkadia Brokers $37.5 Million Acquisition Loan for Build-to-Rent Project in Port St. Lucie, Florida

by Channing Hamilton

PORT ST. LUCIE, FLA. — Berkadia has arranged a $37.5 million forward acquisition loan for Tavalo Tradition, a 216-unit build-to-rent development underway in Port St. Lucie. An investment vehicle managed by GTIS Partners purchased the townhome-style community from K. Hovnanian. Scott Wadler and Matt Nihan of Berkadia arranged the financing through an unnamed national bank on behalf of GTIS Partners, which will obtain the capital in draws. Tavalo Tradition will be situated within the 2,500-acre Tradition master-planned community. Units will come in two- and three-bedroom townhomes and average 1,387 to 1,494 …

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FloridaInvestment SalesNewsSoutheast

Institutional Property Advisors Brokers Sale of 288-Unit Windrift in Orlando, Florida

by Channing Hamilton

ORLANDO, FLA. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Windrift in Orlando. Shelton Granade, Luke Wickham and Justin Basquill represented the seller, Bridge Investment Group, and procured the buyer, Eagle Property Capital. Windrift was built in 1986 and comprises 288 units. All apartments have open-concept floorplans, washers and dryers, screened patios, and window treatments. Amenities include green spaces, a fitness center, pool and covered playground area.

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Generation Englewood in Englewood, Florida
DevelopmentFloridaInvestment SalesNewsSoutheast

Kaplan Residential to Develop Generation Englewood in Englewood, Florida

by Channing Hamilton

ENGLEWOOD, FLA. — Kaplan Residential has acquired a 20-acre site in Engelwood to construct Generation Englewood, a 306-unit community in Southwest Florida. The developer purchased the site from a private investor for $5.2 million. Hunter McCarthy of SVN Commercial Partners brokered the land transaction. The property will include a 10,000-square-foot clubhouse with a dog park, outdoor TVs, lounge seating areas and a bar. Architecture Alliance, the project’s landscape architect, is designing walking trails, seating areas, benches and outdoor grilling stations at the community. Kaplan plans to break ground on Generation Englewood …

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Pearl Street District in Jacksonville, Florida
DevelopmentFinanceFloridaNewsSoutheast

Gateway Jax Acquires 22 Acres in Downtown Jacksonville for $2 Billion Mixed-Use Project

by Channing Hamilton

JACKSONVILLE, FLA. — Gateway Jax has acquired 22 acres within Jacksonville’s downtown area to develop a $2 billion mixed-use project aimed at revitalizing the city’s urban core. The Jacksonville Downtown Development Review Board has approved the conceptual plan for the $500 million first phase of the project, which is called Pearl Street District. Phase one include three buildings in the North Core district of Jacksonville’s downtown, which will offer more than 1,000 multifamily units and 120,000 square feet of grocery-anchored retail space. Gateway Jax plans to break ground midway through …

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FloridaInvestment SalesNewsSoutheast

Institutional Property Advisors Arranges Sale of 361-Unit Captiva Club in Tampa, Florida

by Channing Hamilton

TAMPA, FLA. — Institutional Property Advisors (IPA) has arranged the sale of Captiva Club, a garden-style property located along Memorial Highway in Tampa. Eagle Property Capital sold the asset to Sinatra & Co. Real Estate for an undisclosed price. IPA’s Shelton Granade, Sean Williams, Luke Wickham and Justin Basquill represented the seller and procured the buyer. Captive club comprises 361 apartments on a 20-acre site. Units come in studio, one-, two- and three-bedroom floor plans. Amenities include two pools, a fitness center, a clubhouse, pet parks and courtyards.

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