TAMPA, FL—Canadian investors are still taking a liking to Florida commercial real estate. Rosdev Group, a Montreal, Canada-based firm, just snapped up The Park at Coventry, a multifamily complex in Tampa, FL, for $16.7 million.

“Thanks to a rebounding market, our client swooped in when the upside potential was greatest,” Ira Zlotowitz, president of Eastern Union Funding, tells GlobeSt.com. “The Florida market is proving itself to be highly promising right now, as this is Eastern's third deal there in a month. We will continue to move according to the drumbeat of the robust market.”

Park at Coventry is a 320-unit multifamily community located near University of South Florida and the H. Lee Moffit Cancer and Research Center. Blue Rock Partners will manage the multifamily property. Eastern Union Funding brokered the deal for Rosdev in less than 30 days.