TAMPA, FL—While investors are flocking toward class A multifamily assets in core markets, not everyone has an appetite for the trophy apartment complexes. Indeed, smaller multifamily communities are still selling in droves.
The latest example comes out of Tampa. Eden Court Apartments, a 28-unit multifamily community, has traded for $1.245 million.
Francesco Carriera and Michael Regan, vice presidents investments, along with Joshua Teplitzky, investment specialist in Marcus & Millichap's Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor based in Connecticut. The listing agents also found a buyer, a private investor from Delray Beach, FL
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