$71M Portfolio Signals Returning Appetite for Florida Assets

TAMPA, FL-In a deal that demonstrates an emerging trend toward serious investors returning to Florida markets, a California-based investment firm has snapped up a nine-property, 2,253-unit multifamily portfolio for $70.9 million. The assets are spread across Tampa, Orlando, Fern Park, Bradenton and Brandon. Two properties were in Texas.

Jeffrey Meyer in Marcus & Millichap’s Tampa office, represented the seller, a Tampa Bay area-based private investor. Sean Shahar Ziv, of the firm’s San Diego office, represented the buyer, an investment firm making its first entry into the Florida and Texas multifamily markets. At the time of the sale, portfolio-wide occupancy was approximately 88%.