Rosenthal says there are various stages of renovations and interior finishes throughout the property. "We will strategically continue to offer a variety of attractive price points and amenities to prospective residents," he says.

West Shore Chairman Steven P. Rosenthal describes Grande Oasis as an ideal high caliber multifamily asset the company sought for its growing portfolio, with an expected high return on investment.

"Grande Oasis is truly a premier property with a superb location, high end amenities, and a solid job market," said Rosenthal. "This deal demonstrates our ongoing success and portfolio growth over the last three years as we continue to identify and acquire high quality properties like Grande Oasis in thriving areas."

Grande Oasis is centrally located in Tampa's Carrollwood section, within proximity to Tampa's many demand drivers, amenities, and attractions including the Westshore Business District, Tampa Riverwalk, Raymond James Stadium, University of Tampa, ZooTampa, Busch Gardens, University of South Florida, and St. Joseph's Hospital.

"Grande Oasis is a major addition to our portfolio," Lee Rosenthal said. "We now own and operate 12 Florida properties and we see tremendous opportunity for continued growth in all of our Florida markets. Grande Oasis is a top-tier property in a solid market and we are especially pleased to be adding scale in the Tampa area – one of the country's fastest growing metropolitan areas in terms of job and population growth." Grande Oasis was built in 1991 and renovated in 2006.

West Shore owns and manages 11 additional Florida properties. Lee Rosenthal says the company will continue to evaluate properties on Florida's west coast of similar vintage and newer.