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First American
Europaproperty.com
Tuesday, January 06, 2009  

Multi-Family


4/15/2008

Cushman & Wakefield sells Florida apartments for $72.9M


Deerwood Village Apartments
Cushman & Wakefield's Florida Apartment Brokerage Services Division has brokered the sale of two multi-family properties in Tampa and Ocala, Fla., for $72.9 million.

New York City-based Brookfield Real Estate Management acquired the complexes, which contain a total of 670 units, from Tarragon Corp.

Cushman & Wakefield's Jay Ballard, Hal Warren, Byron Moger and Enon Winkler brokered the deal.

In Tampa, the Vista Grande at Tampa Palms is located at 17220 Heart of Palms Drive. The 328-unit complex was constructed in 2002. In Ocala, the Deerwood Village Apartments sold for $32.89 million, or $100,280 per unit. The apartment community is located at 1850 SE 18th Ave. and contains 328 units. It was built in 2006 and is situated on 37 acres.

Financing for the acquisition was secured by Paul Stasaitis and Terri Echarte of Holliday Fenoglio Fowler's Miami office. The two arranged a $61 million loan for the properties.

Address: Vista Grande at Tampa Palms at 17220 Heart of Palms Drive, Tampa, Fla.
- Deerwood Village Apartments at 1850 SE 18th Ave., Ocala, Fla.

Size: 706 units

Built: 2002, 2006


Filed Under: Multi-Family

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