Universe Holdings Acquires Multifamily Property On Pavilion Palms Circle In Riverview

The multifamily property located at 3603 Pavilion Palms Circle in Riverview has been sold in a closed transaction. The property consists of 250 units with a total square footage of 248,662. The sale price for this transaction was $66,000,000, resulting in a price per unit of $264,000 and a price per square foot of $265.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $66,000,000
• Address: 3603 Pavilion Palms Circle
• Market: Riverview
• Buyer: Henry Manoucheri & Noah Kaufman - Universe Holdings
• Seller: PASSCO Companies
• Brokers: Eddie Yang, Jamie May & Jonathan Barclay - JBM Institutional Multifamily Advisors
• Units: 250
• Price Per Unit (PPU): $264,000
• Square Footage (SF): 248,662
• Price Per Square Foot (PPSF): $265

The transaction was facilitated by brokers Eddie Yang, Jamie May, and Jonathan Barclay from JBM Institutional Multifamily Advisors. The buyer, Universe Holdings, represented by Henry Manoucheri and Noah Kaufman, acquired the property from PASSCO Companies.