The Real Deal Miami

Davie buyer for Tampa complex

December 09, 2009 02:02PM

Davie-based-based JB Howell & Co. paid $21 million for a 348-unit Tampa apartment complex, obtaining the property from Denver-based Apartment Investment & Management. The class B Bridgeview Apartments have been extensively renovated and have new appliances, a better pool deck, and new air conditioners. Senior director with locally based JBM of Marcus & Millichap Jamie May said the upgrades helped move the sale along quickly. AIMCO has divested itself of several Tampa area properties in the last year including the 256-unit Fisherman’s Landing Apartments in Temple Terrace. However, the company still retains the 276-unit Sienna Bay Apartments and 200-unit Tamarind Bay Apartments in St. Petersburg, as well as the 200-unit Solana Vista Apartments in Bradenton. [GlobeSt]