Bridge Investment Group provided $39.7 million in acquisition financing for the purchase of Rivertree Landing and Puritan Place, two multifamily properties in Tampa totaling 452 units.
Yale Capital Group and developer Daryl Hagler secured $39.7 million in acquisition financing from Bridge Investment Group for the purchase of two multifamily communities in northeast Tampa, Florida. The sponsorship acquired the 228-unit Rivertree Landing Apartments at 6909 Indian River Drive and the 224-unit Puritan Place Apartment Homes at 7903 Holly Lea Court for a combined $23.75 million per property. Arrow Real Estate Advisors brokered the financing deal.
Rivertree Landing, constructed in 1994, spans 220,332 square feet and features amenities including a fitness center, business center, and swimming pool. The 1970-built Puritan Place encompasses 194,656 square feet and offers two swimming pools, a fitness center, and a picnic area. The ownership group plans to implement a value-add strategy for the assets.
Capital Square acquires Cacéma Townhomes in Kissimmee for $56.2 million, backed by a $33.4 million Freddie Mac loan.
El-Ad acquires a condominium property in Miami for $46 million.
Robert Finvarb Companies launches NoBe Parc, a short-term rental condo project in the North Beach neighborhood of Miami Beach.
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