Cortland Acquires Multifamily Property In Tampa From LIV Development

The recently closed transaction in Tampa involved the sale of a multifamily property located at 8733 Rooks Park Cir. The property, consisting of 296 units, was sold for a total price of $119,800,000. This translates to a per unit price of $404,730. The transaction took place on March 28, 2022.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $119,800,000
• Address: 8733 Rooks Park Cir
• Market: Tampa

The buyer in this transaction was Cortland, represented by Steven DeFrancis. On the other side, LIV Development, represented by Robb Crumpton, acted as the seller. The lender involved in the deal was Brighthouse Life Insurance Co.

Note: For complete details regarding the transaction, refer to the Instagram post linked here.