Creative Realty Partners Acquires MultiFamily Property In Tampa For $26.7M

The St. Moritz Apartments, a 168-unit multifamily property in Tampa, was sold for $26,700,000.00. The townhome apartment community, built in 1984, offers amenities like a swimming pool, large pool deck, a business center, private garages, a clubhouse, and a fitness center. It is located at 13835 Heritage Club Dr, Tampa, FL.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $26,700,000.00
• Buyer: Creative Realty Partners
• Buyer's Representative: Michael Cregan (CBRE)
• Seller: TG Realty

Frank Carriera, Michael Regan, and Cameron Barbas of CBRE represented both the buyer, Creative Realty Partners, and the seller, TG Realty, in the transaction. Additionally, Jonathan Singer from Strategic Funding secured the loan for the buyer.