TAMPA, FL-The end of the year multifamily acquisition flurry is in full swing, as two-asset portfolio and a single property near Tampa change hands. ARA brokered both deals, which included the 300-unit Circle at Crosstown in Brandon, the 336-unit Circle at Bartram Park in Jacksonville and Monterey Lakes in Largo.

ARA’s Kevin Judd, Patrick Dufour and Matt Wilcox represented an institutional seller in the $64.5 million portfolio that spanned Brandon and Jacksonville. Atlanta-based JMG Realty snapped up the properties, which were constructed in 2009 by Crescent Resources and feature green features.

“Portfolio offerings are generally receiving more interest than single asset sales today as many investment groups are flush with capital, and the ability to deploy a larger amount of capital in a single transaction is attractive,” Dufour tells GlobeSt.com. “Many buyers who sold their Florida assets during the last cycle are looking to re-enter the market now as they see additional upside and growth potential in these markets over the next several years. Acquiring a geographically diverse portfolio allows new buyers to the market to establish an immediate footprint and operational efficiencies in a single transaction.”