**Starwood Capital Sells Tampa Multifamily Property for $76.3M**
Starwood Capital Group has sold Bridges at Crosstown, a 344-unit multifamily community in Tampa, Florida. Bridge Investment Group acquired the property for $76.3 million.
To finance the purchase, Bridge secured a $52 million, five-year Freddie Mac loan originated by Prudential Financial. Starwood originally acquired the asset in 2021 from Centennial Holding Co. as part of a 16-community portfolio spanning six states.
The sale comes amid news that Apollo has entered into a definitive agreement to acquire Bridge Investment Group in a $1.5 billion deal.
Bridges at Crosstown, formerly known as Century Crosstown, is located at 9712 Bosque Creek Circle and was built in 2013. The community offers a mix of one-, two-, and three-bedroom units ranging from 781 to 1,372 square feet.
Amenities include a fitness center, clubhouse, swimming pool, business center, and EV charging stations. Additional features include sundecks and cabanas, outdoor lounges with fireplaces, a computer lounge and media room, and an outdoor kitchen with grilling stations.
