Houston multifamily investor buys North Manatee apartments
By Ashley Gurbal Kritzer
Tampa Bay Business Journal
Published: Sep 20, 2024

A newly built apartment complex in North Manatee County has sold to a Houston firm that owns dozens of multifamily properties throughout the Sunbelt.

Venterra Realty recently paid $55.3 million for Trevesta Place apartments, a complex in Palmetto near the interchange of interstates 275 and 75. The apartment complex has 256 units, and the purchase price breaks down to $216,286 per unit. Trevesta Place was developed in 2023 by Terwilliger Brothers Residential and The Carlyle Group. The developers broke ground on the apartment complex in 2022, and Summit Contracting Group was the general contractor on the project.

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