MIAMI—Remember all the distressed multifamily deals on the market some years ago? Savvy investors are starting to see the payoff.
The North Tampa portfolio, which includes Casita Bella, Pleasant Oaks, University Area, and Villa Amor, has traded for $3.75 million. The sales price represents $26,786 per unit and $39.75 per square foot.
That's more than twice what the investor originally paid. Kevin Kelleher, Darron Kattan, Robert Goldfinger, and Zach Ames, all of Franklin Street, represented the seller, Avesta Communities.
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