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5100 Live Oaks Boulevard

Scott Everett Of S2 Capital Acquires 770-Unit Amberly Place In Tampa For $97M From Alan Pollack
SOLDMultiFamily

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

Scott Everett

S2 Capital

Buyer

$337M

vol

10 deals

Buyer

Alan Pollack

Providence Real Estate Group

Seller

$249M

vol

4 deals

Seller

Tampa MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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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