Westmount Square Capital And Miramar Capital Acquire Multifamily Portfolio In Tampa For $26.76M

The sale involves the purchase of two garden-style apartment complexes in Tampa by Westmount Square Capital and Miramar Capital for a combined sales price of $26.76 million. The portfolio consists of 306 units near the University of South Florida, presenting an opportunity for value-add in the workforce housing segment.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $26,760,000
• Units: 306
• Price per Unit: $87,451
• Buyer: Westmount Square Capital - Mark McGregor; Miramar Capital
• Seller: Asia Capital Real Estate
• Brokers: Jason Stanton & Cole Whitaker - Berkadia
• Mortgage Broker: Allan Freedman - Berkadia
• Market: Tampa

Westmount Square Capital, along with Miramar Capital, seized the opportunity to acquire two garden-style apartment complexes in Tampa with a combined 306 units. The properties are strategically situated near the University of South Florida, offering potential for value appreciation in the workforce housing sector. Berkadia brokers, Jason Stanton and Cole Whitaker, facilitated the transaction between the buyer and seller, Asia Capital Real Estate. Allan Freedman from Berkadia served as the mortgage broker in the deal, ensuring a smooth financing process. The sale price of $26.76 million reflects the value of this multifamily investment opportunity in Tampa's real estate market.