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Berkadia has arranged $64.1 million financing for the acquisition of 325 units at Arbors at Carollwood in Tampa, FL.

California Partners Acquire Carrollwood Community with $64M through Berkadia

Berkadia has arranged $64.1 million financing for the acquisition of 325 units at Arbors at Carollwood, a core-plus opportunity within the Carollwood submarket of Tampa, FL. 

Mitch Sinberg, Matthew Robbins, Brad Williamson and Scott Wadler of Berkadia secured the acquisition financing on behalf of the buyer, a Los Angeles-based joint venture between TruAmerica Multifamily and funds managed by Oaktree Capital Management, L.P.

 A bank provided a floating-rate loan with a five-year term.

 “The Arbors at Carollwood offered investors a unique opportunity to acquire the premiere multifamily asset in one of Tampa’s top performing submarkets, where there is no new apartment supply,” said Robbins.

Arbors at Carollwood is a garden-style apartment community consisting of 15 three-story buildings and a clubhouse located on 56 acres at 3939 Ehrlich Road. Amenities include a resort-style pool; cabanas, fire pits, and summer kitchen; fitness center; bark park with agility equipment and pet spa, WiFi café, business center and garages.

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Inside The Story

Berkadia's Robbins

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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