Berkadia arranges sale and financing of multifamily community in Tampa, Florida

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The Place at Carrollwood
Berkadia arranged the sale and financing of The Place at Carrollwood, a 224-unit multifamily property in Tampa, Florida

Berkadia announces it has arranged the sale and financing of The Place at Carrollwood, a 224-unit multifamily property in Tampa, Fla. Senior Managing Directors Jason Stanton and Matt Mitchell and Senior Director Greg Rainey of Berkadia Tampa and Senior Managing Director Cole Whitaker,Senior Director David Etchison, Directors Mary Beale, and Associate Director Lauren Gassie of Berkadia Orlando, represented the seller, Redwood Capital Group, a multifamily real estate investment and management company based in Chicago, IL.

Managing Director Scott Wadler of Berkadia Miami Senior Director Matt Nihan of Berkadia Boca Ratonsecured acquisition financing on behalf of the buyer, Beacon Real Estate Group. ACRE, a private equity commercial real estate firm based out of New York, Atlanta, and Singapore originated the loan.

“Place at Carrollwood represented an excellent opportunity to acquire a well-positioned community in the highly desirable Carrollwood submarket,” said Stanton.

Built in 1984 and located at 4949 Marbrisa Drive, The Place at Carrollwood is situated in a natural conservation area of Tampa, surrounded by lush landscaping and natural lakes. It offers one- and two-bedroom apartments ranging from 629 square feet to 1,050 square feet and individual units include a fireplace, sleek kitchen cabinets, a kitchen pantry, modern appliances, European light fixtures, designer flooring, walk-in closets and an expansive balcony or patio with lakefront or tropical views. Community amenities include a pool with poolside grilling, a fitness center, boardwalk, 24-hour laundry center, car care station, a playground, on-call maintenance and a natural preserve.

It is conveniently located fifteen minutes away from downtown Tampa and the beaches, close to Veteran’s expressway/589, and 5 minutes away from Citrus Park Mall and Busch Gardens.