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Florida & Gulf Coast  + Central Florida  + Apartments  | 
Tampa apartments sell for $76.3M

Starwood Unloads Tampa Rental Property for $76.3M

Starwood Capital Group has sold Bridges at Crosstown, a 344-unit community in Tampa, Fla. Bridge Investment Group paid $76.3 million for the multifamily community.

Bridge took out a $52 million, five-year Freddie Mac loan originated by Prudential Financial. In 2021, Starwood acquired the asset from Centennial Holding Co. as part of a 16-community portfolio across six states.

Commercial Edge reports the news comes just as Apollo entered into a definitive agreement to acquire Bridge Investment Group for $1.5 billion.

Located at 9712 Bosque Creek Circle, the community formerly known as Century Crosstown came online in 2013. The unit mix consists of one-, two- and three-bedroom floorplans varying from 781 to 1,372 square feet.

Common-area amenities include a fitness center, clubhouse, swimming pool, business center, and EV charging stations. The community also has sundecks and cabanas, outdoor lounges with fireplaces, a computer lounge and media room, and an outdoor kitchen with grilling stations.

Read More News Stories About: Starwood Capital Group
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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

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