Covenant Capital Unloads 640-Unit Tampa Rental Community

Seven Lakes at Carrollwood, a 640-unit multifamily community located at 3303 N. Lakeview Drive, Tampa, was sold for $94 million by Covenant Capital. Bridge Investment Group was the buyer.

Seven Lakes at Carrollwood was built in 1982 and features a mix of studio, one- and two-bedroom units. The sellers spent $7 million over the last three years renovating much of the project. Amenities include two swimming pools with paved sundecks and lake views, a clubhouse equipped with a fitness center and games, car care center, scenic walking paths, and access to seven community lakes.

Cushman & Wakefield’s Mike Donaldson and Nick Meoli represented the seller.