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Tampa-Area Apartments Trade for $62.7M
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Tampa-Area Apartments Trade for $62.7M
StoneBridge Investments has purchased Luxe at 1820, a 300-unit apartment complex in Brandon, Florida. Brandon is a suburb of Tampa. Electra America sold the asset for $62.7 million. Commercial Edge reports Walker & Dunlop issued a $54.6 million acquisition loan scheduled to mature in January 2031. The new owner plans to modernize units and refresh amenities. Luxe at 1820 previously traded in 2019, when Electra America bought it from Cortland for…
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