Tampa firm buys one rental complex, sells another

Blue Roc Premier Properties LLC paid $21 million for an apartment building in the Tampa Bay area and sold another for $26.5 million.

Blue Roc, a Tampa-based apartment investment company, bought Twenty 35, a 200-unit development with garden-style units in Safety Harbor, 10 miles from Clearwater. The buyer is Covenant Capital Group LLC.

In an off-market deal, Blue Roc also sold a Tampa apartment building with 224 units called The Park at Windsor. The new owner is Redwood Capital Group.

Built in 1984, The Park at Windsor at 4949 Marbrisa Drive in northeast Tampa has one- and two-bedroom apartments with a balcony or patio. Common-area amenities include a clubhouse, fitness center, swimming pool, barbecue area and laundry center.

Twenty 35 at 2035 Philippe Parkway in Safety Harbor was built in 1970. The gated-entry property has one- and two-bedroom apartments with granite counter tops, stainless steel appliances and walk-in closets. Tenants have access to a 24-hour fitness center, a picnic area and a courtyard. [Multi-Housing News]— Mike Seemuth