Richland Communities Acquires Multifamily Property In Tampa For $92.5M

510 North Rome Ave. in Tampa has been sold in a closed transaction. The multifamily property, consisting of 226 units, was purchased by Richland Communities, represented by Jack Bray. The seller, RangeWater Real Estate, was represented by Steven L. Shores. The sale price for the property was $92,530,000, resulting in a per unit price of $409,425.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $92,530,000
• Units: 226
• Per Unit Price: $409,425

The buyer, Richland Communities, was represented by Jack Bray, while RangeWater Real Estate was represented by Steven L. Shores. The transaction took place on January 10, 2022. The property is located at 510 North Rome Ave. in Tampa.