PGIM Real Estate Provides $91M Acquisition Loan For Multifamily Assets In Tampa And Clearwater

29th Street Capital has acquired a multifamily property consisting of 503 units located at 15350 Amberly Drive in Tampa and 2690 Enterprise Rd East in Clearwater. The acquisition was made with the help of a $91,000,000 loan provided by PGIM Real Estate.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $91,000,000
• Units: 503
• Address: 15350 Amberly Drive (Tampa) & 2690 Enterprise Rd East (Clearwater)
• Market: Tampa & Clearwater

The deal was facilitated by Mitch Sinberg, Brad Williamson, Justin Ownby, and Wesley Moczul from Berkadia, who represented the buyer in the transaction.