The Hermitage Apartments, St. Petersburg, FL
ST. PETERSBURG, FL—Toronto-based Brass Enterprises secured $65.2 million in financing in connection with its recent purchase of The Hermitage Apartment Homes in Downtown St. Petersburg,
Bethesda, MD-based Walker & Dunlop structured the financing for Brass Enterprises with Fannie Mae. Real estate investment firm Brass Enterprises acquired the recently developed 348-unit community in January from The Allen Morris Company of Coral Gables, FL in a deal valued at $107.6 million.
Alison Williams and Matt Baldwin, both Tampa-based members of Walker & Dunlop's Capital Markets team, completed the debt transaction on behalf of Brass Enterprises. The property was marketed and sold by Brian Moulder and Chris Chadbourne of Walker & Dunlop Investment Sales, who represented Allen Morris Co.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
