River Pointe Apartments sells for $19.3m in Tampa

River Pointe Apartments sells for $19.3m in Tampa

Published at: 2018-12-17 16:02 | Author: CIJ USA
Coastline Management Group bought River Pointe Apartments, a class B community in Tampa, Florida, for $19.3m. Located in the city’s Del Rio/College Hill submarket, the 212-unit property is spread out over 28 buildings. It is 92 percent leased. The seller, Focus Group, acquired the asset in August 2015 from NR Investments for $8.3m. The deal was completed with $17.4m in acquisition financing from Walker & Dunlop.

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