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Covenant Capital Sells 640-Unit Tampa Rental Community

Covenant Capital Sells 640-Unit Tampa Rental Community

The 640-unit multifamily community, Seven Lakes at Carrollwood, located at 3303 N. Lakeview Drive in Tampa, was recently sold for $94 million by Covenant Capital to Bridge Investment Group. Built in 1982, the property offers a variety of studio, one-, and two-bedroom units. The previous owners invested $7 million over the past three years to renovate much of the complex. Residents can enjoy amenities such as two swimming pools with lake views and sundecks, a clubhouse with fitness center and games room, car care center, scenic walking paths,and access to seven community lakes.

According to Cushman & Wakefield’s Mike Donaldson and Nick Meoli who represented the seller,the sale marks an important transaction for this market segment in Tampa.

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