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PO Box 1212 Tampa, FL 33601 Pinellas Updated November 2024
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RETURN TO NEWS INDEX New Jersey buyer snags $109M portfolio of Tampa and Orlando apartments Dasmen Residential said Tuesday that it has paid $109.2 million for five communities totaling 1,011 units. Of the $29.6 million in equity behind the deal, $15 million was raised via CrowdStreet, an online platform for individual real estate investors. (The acquisition capitalization also includes a $76.4 million senior loan from Freddie Mac and a $3.3 million sponsor co-investment.)
“This portfolio acquisition marks a significant expansion into Florida for our company. We are confident that Orlando and Tampa will rebound better than ever as we emerge from the Covid situation," Michael Katz, Dasmen CEO, said in a statement.
The following properties were included in the portfolio:
CrowdStreet says both Tampa and Orlando are among its "Best Places to Invest in 2021" for multifamily acquisitions.
"Dasmen Residential is a seasoned sponsor and operator of multifamily properties in major cities throughout the United States," Ilya Gardner, CrowdStreet managing director, said in a statement. "The performance of their offering on CrowdStreet is a testament to how bullish investors are on Florida and the Southeast overall. Investor appetite for multifamily residential properties also continues to be high, as a variety of market measures indicate the sector is likely to perform better, generally, than some other property types during and as we come out of the pandemic.” |
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