Search
 

Continental Buys $82M Tampa Apartment

The property was 94 percent leased, as of the item of the purchase.

By Anthony Russo | December 02, 2024 at 06:02 AM

Continental Realty Corporation has acquired an apartment community for $82 million — a move that expands its recent acquisition activity and grows its Tampa portfolio.

First delivered in 1997, Henley Tampa Palms features 315 units. The property consists of a garden-style community with 53 two-story buildings. The options feature a mix of one, two, and three bedrooms, ranging from 941 and 1,671 square feet in size. The average of 1,375 square feet is the largest available floorplan in Tampa Palms, according to Continental. As of the time of the deal, Henley Tampa was 94 percent leased.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.