Tampa rental complex commands $46,645 per unit

Miami Beach-based GLT Group Brokerage arranged the $14.88 million sale of the 319-unit property

TRD MIAMI /
Dec.December 03, 2017 01:15 PM

The Jasmine Terrace Apartments in Tampa

A Miami Beach-based brokerage arranged the sale of a 319-unit apartment complex in Tampa for $46,645 per unit.

GLT Group Brokerage represented the out-of-state seller and procured the buyer of the rental property, called Jasmine Terrace Apartments, which sold for $14.88 million.

In a press release, GLT said the buyer planned to invest in an upgrade of the class B apartment complex in north Tampa, near the University of South Florida and Busch Gardens.

The complex of one- and two-bedroom apartments is located on a 14.5-acre site at 1250 Skipper Road in Tampa.

GLT Group Brokerage is part of GLT Group LLC in Miami Beach, started in 2013 by Sean Ziv and Ran Ziv.

The Tampa-area apartment market is “very strong with no signs of cooling down in the near future,” Sean Ziv, CEO of GLT Group, said in a prepared statement. – Mike Seemuth


Related Articles

arrow_forward_ios
Gables Town Colony apartment complex, Sue Ansel of Gables Residential

Gables Residential scores $85M loan for Boca Raton apartment complex

Gables Residential scores $85M loan for Boca Raton apartment complex
Broadstone City Center with Alliance Residential’s Bruce Ward and Nuveen CEO Jose Minaya

Nuveen pays $103M for West Palm luxury apartments

Nuveen pays $103M for West Palm luxury apartments
Edmund Ansin and the property (Credit: Google Maps)

Billionaire TV family sells Miramar property to Florida Crystals

Billionaire TV family sells Miramar property to Florida Crystals
Toscana apartments and Juan Porro of FCI Residential

Florida Crystals sells Margate rentals for $60M

Florida Crystals sells Margate rentals for $60M
Rendering of the project and John Catsimatidis (Credit: Arquitectonica via Tampa Bay Times)

Catsimatidis scores approval for $300M tower in St. Petersburg

Catsimatidis scores approval for $300M tower in St. Petersburg
From left: Andrea and Renzo Rosso

Diesel family dishes on Wynwood condo project

Diesel family dishes on Wynwood condo project
 4601 Le Jeune Road, Jose Boschetti and Maurice Boschetti

Gables Residential sells dev site near Shops at Merrick Park

Gables Residential sells dev site near Shops at Merrick Park
Greg Pinkalla and ORA Flagler Village Apartments (Credit: Google Maps)

Fairfield Residential sells new Flagler Village apartments for $92M

Fairfield Residential sells new Flagler Village apartments for $92M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...