Updated May 30, 2025
Ric Campo Of Camden Property Trust Acquires Multifamily Complex In Clearwater For $109M
19355 Us Highway 19 N
$109,000,000
Units
330
Asset Type
MultiFamily
Closing
May 29, 2025
About this deal
AI
The multifamily asset at 19355 Us Highway 19 N in Clearwater spans 330 units and was sold for $109,000,000, yielding a price per unit of $330,303. Built in 2019, the property includes amenities such as a pool, gym, and kayak dock.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $109,000,000
- Units: 330
- Price Per Unit: $330,303
- Buyer: Ric Campo - Camden Property Trust
- Seller: Steven DeFrancis - Cortland
- Date of Sale: May 29, 2025
- Previous Sale Price: $104,000,000
- Previous Sale Year: 2020
Ric Campo represents Camden Property Trust, while Steven DeFrancis represents Cortland in this transaction. The property has been rebranded as Camden Clearwater following the acquisition.
On the Map
$109,000,000
MultiFamily
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Players
Clearwater MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93