TAMPA, FL—A multifamily portfolio with 1,218 apartment units in three communities has sold for $66 million. Blue Rock Partners and Konover South purchased the multifamily assets, which are in Brandon and Lakeland.
The deal gives Blue Rock more than 6,000 multifamily units in the Tampa Bay and Orlando area—and the firm isn't done investing yet. Blue Rock plans to invest another $9 million to improve the multifamily portfolio.
"Blue Rock's accelerated investments in the Tampa Bay and Orlando markets underscores our confidence in the region,” Randy X. Ferreira, principal of Blue Rock Partners, tells GlobeSt.com. He adds that the multifamily portfolio grab advances the firm's mission to own, operate, manage and lease apartment communities.
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