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.

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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