Greg Finch Of Hilltop Residential Acquires 308-Unit Multifamily Complex In St. Petersburg For $93M

The property involved in this transaction is the 308-unit Provenza at St. Pete apartment complex, located at 540 Trinity Lane in St. Petersburg. The asset was acquired for $93 million, translating to approximately $302,000 per unit, and it is situated within the Carillon Park development. The property was built in 2014 and is currently 95% occupied.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $93,000,000
• Units: 308
• Price Per Unit: $301,948
• Buyer: Greg Finch - Hilltop Residential
• Seller: Mauricio Gruener & Eduardo Gruener - Momentum Real Estate Partners
• Broker: Berkadia
• Financing Amount: $59 million

In this transaction, Greg Finch represented Hilltop Residential as the buyer, while Mauricio Gruener and Eduardo Gruener represented Momentum Real Estate Partners as the sellers. Berkadia facilitated the deal and was responsible for arranging financing for the transaction.