Florida State

Tampa, FL

After a strong run, growth is now closer to historic averages. As rent growth patterns began to change at the end of 2022, Tampa’s multifamily sector found itself in a strong spot. The metro’s average rate was $1,798 as of December, following a 0.5 percent slide on a trailing three-month basis. Strong development and a propensity for adding upscale inventory to Tampa’s rental stock have pressured the average occupancy rate in stabilized properties to 94.7 percent as of November.

Tampa Multifamily Report – February 2023

Clearwater, FL

The properties recently traded for a total of $24.6 million. Value Store It Self Storage has opened two storage facilities measuring 106,682 and 98,356 square feet in Clearwater, Fla., in the Tampa area. The company purchased the properties from Lockhart Management Group in December 2022, for a total of $24.6 million, according to Yardi Matrix information. The same data provider shows that the acquisitions were financed through a $200 million loan held by Barclays, as part of a larger portfolio transaction.

Value Store It Opens 2 Tampa-Area Facilities

Ybor City, FL

Palma Ceia, FL

Gibsonton, FL

Carrollwood, FL

Mango, FL

Riverview, FL

Brandon, FL

Seffner, FL

Westchase, FL

Tampa Palms, FL

Thonotosassa, FL

Valrico, FL

Apollo Beach, FL

Oldsmar, FL

Lutz, FL

Dover, FL

Sydney, FL

Safety Harbor, FL

Ruskin, FL

Pinellas Park, FL

NewsBreak

ZMR Capital Lands $207M for Tampa Acquisition

Berkadia arranged the financing for the 982-unit community. ZMR Capital has acquired The Reserve at Brandon, a 982-unit community in Brandon, Fla. NorthEnd Equities sold the...

ZMR Capital Lands $207M for Tampa Acquisition

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