Jeffrey Goldberg Of Fairstead Acquires 200-Unit Multifamily Property In Tampa For $30.7M

The property involved in this transaction is Silver Oaks Apartments, a 200-unit multifamily community located at 4200 Kenneth Court, Tampa, FL. The sale price of the asset was $30.7 million, equating to approximately $153,500 per unit. The property, built in 1973, is designated for households earning up to 60% of the area median income and is slated for a $24 million renovation across its eight buildings, which feature one- to three-bedroom units.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $30,700,000
• Buyer: Jeffrey Goldberg
• Buyer’s Agency: Fairstead
• Lender: Freddie Mac
• Additional Lender: PNC Bank
• Units: 200
• Price Per Unit: $153,500

The deal was executed by Jeffrey Goldberg, representing Fairstead, who acquired the property using a combination of Freddie Mac financing, tax-exempt bonds, and tax credit equity from PNC Bank. The planned renovation indicates a significant investment into the property, enhancing the living conditions for future residents.