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Multifamily Portfolios Carry $225M Asking Price

TAMPA, FL-A Naples-based investment group places a five-property portfolio on the market for $160 million and a locally based private investor places an eight-property portfolio on the market for $64.7 million.

By Natalie Keith | Updated on November 29, 2007

(Read more on the multifamily market.)

TAMPA, FL-Two multifamily portfolios with a total of 13 properties with 2,680 units have been placed on the market. Combined, the two portfolios carry a nearly $225-million asking price.

A Naples-based private regional group of investors is the seller of one of the portfolios, which contains five properties with 1,619 units and has a listing price of $160 million. Two of the properties are located in Tampa suburbs. They are the 390-unit Grand Rivage in Brandon and the 228-unit Hawthorne Place in Riverview. Three are located in South Fort Myers, including the 360-unit Park Crest at the Lakes, the 320-unit Beach Club and the 320-unit Viridian Lake.

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