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Florida & Gulf Coast  + Central Florida  + Apartments  |  July 13, 2020
David Cohen
By: David Cohen

CBRE Brokers Sale of 598-Unit MF Portfolio in Tampa

CBRE has brokered the sale of a two-property, 598-unit multifamily portfolio in St. Petersburg and Tampa. Bridge Investment Group acquired the portfolio for an undisclosed price.

The portfolio includes the 208-unit Viera Bayside in St. Petersburg and the 390-unit Veranda at Westchase in Tampa. Viera Bayside features a renovated clubhouse, gym and 24-hour access to the business center. Veranda at Westchase was built in 1999 and is located in Tampa’s Westchase suburb.

Francesco Carriera and Michael Regan of CBRE represented the undisclosed seller in the transaction as well as the buyer, Bridge Investment Group. The assets were purchased by assuming the current Fannie Mae debt in place for the two properties combined.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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