facebook
Traded Co logo
Submit
Daily limit: 0/10

Jonathan Slager Of Bridge Investment Group Acquires Tampa Multifamily From Barry Sternlicht For $76.3M

Property Image
SOLD
$76,300,000
Jonathan Slager
Barry Sternlicht

Florida

See Similar Deals
MultiFamily
Sold 02/25/2025
the dealplayerscompscontact
Property Image
SOLD

Jonathan Slager Of Bridge Investment Group Acquires Tampa Multifamily From Barry Sternlicht For $76.3M

9712 Bosque Creek Circle

See Similar Deals
MultiFamily
Sold 02/25/2025
Jonathan Slager
Barry Sternlicht
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale

The property asset involved in this transaction is a multifamily building located at 9712 Bosque Creek Circle in Tampa, spanning across 3 acres. The sale price for this asset, which comprises 344 units, amounts to $76,300,000, resulting in a price per unit of $221,802.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $76,300,000
  • Buyer: Jonathan Slager - Bridge Investment Group
  • Seller: Barry Sternlicht - Starwood Capital Group
  • Lender: Prudential Financial
  • Units: 344
  • Price Per Unit: $221,802
  • Financing: $52M Freddie Mac loan
  • Market: Tampa
  • Acres: 3

This deal involved significant players in the real estate market, with Jonathan Slager representing Bridge Investment Group as the buyer and Barry Sternlicht representing Starwood Capital Group as the seller. Additionally, this transaction occurs amid ongoing negotiations for Apollo to acquire Bridge Investment Group for $1.5 billion, with the closure of that deal anticipated in Q3.

Players

Jonathan Slager
Bridge Investment Group
Jonathan Slager
27 deals$1.9B volume
BUYER
Barry Sternlicht
Starwood Capital Group
Barry Sternlicht
44 deals$9.8B volume
SELLER
Prudential Financial
Prudential Financial
LENDER

Details

SOLD
IMAGE: Jonathan Slager & Barry Sternlicht DATE: 02/25/2025 ADDRESS: 9712 Bosque Creek Circle MARKET: Tampa ASSET TYPE: Multifamily ~ ACRES: 3 BUYER: Jonathan Slager - Bridge Investment Group (@Bridge.CRE) SELLER: Barry Sternlicht (@Fourseasonsresortresidences) - Starwood Capital Group LENDER: Prudential Financial (@Prudential) SALE PRICE: $76,300,000 UNITS: 344 ~ PPU: $221,802 NOTE: Bridge Investment Group acquired the 344-unit Bridges at Crosstown in Tampa from Starwood Capital for $76.3M, financing the deal with a $52M Freddie Mac loan. The sale comes as Apollo moves to acquire Bridge Investment Group for $1.5B in a deal expected to close in Q3.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$4,069,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$271,077.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$361,700.93
Annual Debt Service$4,340,411.12