Berkadia, a distinguished leader in the commercial real estate sector, announced the sale of a 28.5-acre, fully entitled, low-density multifamily development site located in Bexley, a renowned master-planned community approximately 30 minutes north of downtown Tampa, Florida.
Senior Managing Director Matt Mitchell and Director Chris Burtner of Berkadia Central & North Florida led the transaction on behalf of the seller, Brookfield Residential Land. Maymont Homes, headquartered in Charleston, South Carolina, acquired the property for an undisclosed price.
“This will be the first build-to-rent community in Bexley, an award-winning master-planned community recognized for its upscale residential neighborhoods, excellent schools, and extensive network of parks and trails,” explained Mitchell. “Demand for rental housing in this section of Pasco County is expected to outweigh supply as the area continues to attract significant population and job growth.”
The Dinerstein Companies, in partnership with Maymont Homes, has planned for the site to include a mix of two- and three-bedroom residences featuring private yards, attached garages, and access to high-end amenities such as a clubhouse, fitness center, neighborhood parks, and a resort-style swimming pool.
“We are thrilled to bring a unique housing solution to individuals and families in Pasco County,” said Brad Dinerstein, Managing Partner of The Dinerstein Companies. “This community will provide the privacy and space of a traditional home, combined with the ease and convenience of professional property management.”
“At Maymont Homes, we are committed to delivering more than just housing. We aim to create communities that feel like home,” said Travis Blum, Vice President of Community Investments at Maymont Homes. “We appreciate our partnership with Berkadia and The Dinerstein Companies which will allow us to bring our resident-first approach to Bexley and offer a thoughtfully designed living experience that emphasizes comfort, privacy, and convenience.”
The development site is located near the intersection of Bud Bexley Parkway and Sunlake Boulevard in the Land O’ Lakes area of Pasco County. It is adjacent to a 41-acre parcel planned for future retail development. Sunlake Boulevard, which forms the site’s eastern boundary, is scheduled for a future extension that will connect the area to the new Moffitt Cancer Center Pasco Life Sciences Campus and the Angeline master-planned community.
Bexley, which began construction in 2016, is a joint venture between North America Sekisui House and Brookfield Residential Land. Together, the partnership manages more than 20 successful communities in top real estate markets across the country.
