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Bradenton Apartment Project Sells for $46M
JBM Institutional Multifamily Advisors has arranged the $46.4 million sale of the Preserve at Riverwalk Phase I, a 252-unit apartment community in Tampa’s Bradenton submarket. The 48 units in Phase 1B are under construction and were not included in this transaction.
The project consists of seven, three-story buildings situated on more than 10 acres. The community includes a mix of one-, two- and three-bedroom units. Amenities include a clubhouse, 24-hour fitness center, resident lounge with coffee bar, a resort-style heated swimming pool, grills, fire pit, cantilevered umbrellas, poolside tables and lounge chairs, controlled access gated entry, a dog wash facility and dog park.
JBM represented the seller, Hatfield Development, in the transaction. The property was purchased by Becovic Management Group, who owns 858 units in Jacksonville.
For comments, questions or concerns, please contact David Cohen
- ◦Development
