Grant Cardone's Cardone Capital Acquires Icaria Apartments In Tarpon Springs For $39.24M

Cardone Capital has acquired Icaria Apartments, a 236-unit multifamily property in Tarpon Springs, Florida. The transaction was completed for a sale price of $39,240,000, with each unit costing approximately $166,271. The property, located at 1185 South Pinellas Avenue, is a four-story building that was constructed in 2020. It offers a variety of one-, two-, and three-bedroom units, along with amenities such as a resort-style pool and fitness center.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $39,240,000
• Units: 236
• Price per Unit: $166,271
• Buyer: Grant Cardone - Cardone Capital
• Seller: Ben Miller - RSE Capital Partners
• Date: 01/05/2024
• Market: Tarpon Springs

Grant Cardone, representing Cardone Capital, purchased Icaria Apartments from Ben Miller of RSE Capital Partners. The acquisition of this property adds to Grant Cardone's real estate portfolio. The deal demonstrates Cardone Capital's ongoing investment strategy in the multifamily sector.