Bridge Investment Group Acquires 264-Unit Multifamily In Tampa For $55.6M

The multifamily property located at 3110 Grand Pavilion Dr in Tampa has been sold in a closed transaction. The property consists of 264 units and was sold for a total price of $55,600,000, resulting in an average price per unit of $210,606. The buyer of the property was Bridge Investment Group, represented by Robert Morse and Jonathan Slager. The seller in this transaction was Praxis Capital. The deal was facilitated by broker Jason Stanton from Berkadia.

Summary of transaction details:

• Property Type: Multifamily
• Sale Price: $55,600,000
• Number of Units: 264
• Price per Unit: $210,606

Bridge Investment Group, led by Robert Morse and Jonathan Slager, acquired the multifamily property located at 3110 Grand Pavilion Dr in Tampa from Praxis Capital. Jason Stanton from Berkadia represented the buyer in this transaction. The sale of the property for a price of $55,600,000 marks a significant deal in the Tampa market.