ZMR Capital Acquires MultiFamily In Tampa From NorthEnd Equities For $65M

The property asset involved in the transaction is Hanley Place, a 400-unit multifamily asset located at 7315 W Hanna Ave, Tampa, FL, 33634. The market value is $65,000,000. The property, originally constructed in 1972, is situated near the Westshore Business District, Downtown Tampa, Tampa International Airport, and the Westchase neighborhood. Amenities include two swimming pools, a fitness center, a dog park, a business center, and four on-site laundry facilities.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $65,000,000.00
• Buyer: ZMR Capital
• Seller: NorthEnd Equities
• Buyer's Representative: Michael Cregan - CBRE
• Seller's Representative: Michael Regan - CBRE
• Acquisition Loan Amount: $56.8 million
• Loan Broker: Berkadia’s Brad Williamson and Wesley Moczul

CBRE's Michael Regan and Francesco Carriera represented both the buyer and seller in the transaction. ZMR Capital acquired the property from NorthEnd Equities and Residential Management. This transaction underscores the involvement of multiple key players, including financing secured for ZMR Capital, facilitating the acquisition of the property.