Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Vinings at Hunter’s Green, a 240-unit multifamily property in Tampa, Florida.
“The sale of Vinings at Hunters Green is a testament to the desirability of multifamily investments in Central Florida,” said Shelton Granade, IPA executive managing director. Sean Williams of IPA added: “The Tampa metro ranks among the best in the country in rent growth and net migration.” The IPA team of Granade, Williams, Luke Wickham, and Justin Basquill represented the seller, The Milestone Group, and procured the buyer, Bridge Investment Group.
The property is located on Bruce B. Downs Boulevard and provides easy access to top demand drivers in Tampa, including multiple major medical facilities, numerous corporate parks and the University of South Florida. Built in 1995, The Vinings at Hunter’s Green is within the Hunter’s Green community in the New Tampa-Wesley Chapel area.