Scott Everett Of S2 Capital Acquires 770-Unit Amberly Place In Tampa For $97M From Alan Pollack
5100 Live Oaks Boulevard
$97,000,000
Building Size
—
Asset Type
MultiFamily
Closing
May 5, 2025
AI
The 770-unit Amberly Place, situated at 5100 Live Oaks Boulevard in Tampa, was sold for $97 million. This multifamily property, built in 1989, will undergo significant renovations as part of S2 Capital's value-add strategy, supported by Freddie Mac financing and participation from institutional co-investors.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $97,000,000
- Buyer: Scott Everett - S2 Capital
- Seller: Alan Pollack - Providence Real Estate
- Units: 770
- Price per Unit: $125,974
This off-market transaction was arranged by IPA, highlighting the collaboration between the buyer and seller in executing this substantial deal in the Tampa market.
Players
Tampa MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93