Tampa student housing complex commands $26M

Vesper Holdings paid about $145,000 per unit for The Social at South Florida, an apartment complex near the University of South Florida

Miami /
Dec.December 30, 2017 01:00 PM

The Social at South Florida

A 180-unit apartment complex in Tampa that caters to students at the University of South Florida sold for $26 million.

Vesper Holdings paid about $145,000 per unit for the complex, called The Social at South Florida, and plans to spend $1 million on property upgrades.

The apartment complex was built in 2000 at 2919 Network Place in Tampa, near a Walmart Supercenter, Lettuce Lake Park and the USF Contemporary Art Museum.

The Social at South Florida is a complex of 12 buildings, each three stories tall, with two-bedroom and four-bedroom apartments ranging in size from 930 square feet to 1,494 square feet.

The apartments feature private bedrooms and bathrooms, built-in desks and bookshelves, a private balcony or patio, and walk-in closets, plus flat screen televisions, internet access and full-sized washers and dryers.

Common-area amenities include a car wash, clubhouse, basketball court, outdoor lounge and patio, swimming pool, study room and tanning suite.

The Social at South Florida was Vesper’s second acquisition of a Tampa apartment property catering to students at the University of South Florida.

In 2014, Vesper acquired The Ivy at 3424 Jefferson Commons Drive in Tampa near USF. [Multi-Housing News] — Mike Seemuth


Related Articles

arrow_forward_ios
Clockwise from top left: One Sotheby’s Jorge Uribe, Compass' Ida Schwartz, Fortune International Group's Edgardo Defortuna and Royal Palm Companies' Dan Kodsi (Illustration by Kevin Rebong for The Real Deal)
Slowdown hits South Florida’s hot resi market: Here’s what that means
Slowdown hits South Florida’s hot resi market: Here’s what that means
(Illustration by The Real Deal with Getty Images)
South Florida’s June resi sales drop by double digits
South Florida’s June resi sales drop by double digits
(iStock/Illustration by The Real Deal)
Miami again ranks as nation’s least affordable housing market, followed by LA, NY
Miami again ranks as nation’s least affordable housing market, followed by LA, NY
From left: Sotheby’s Daniel de la Vega and Reagan Jefferies with Brevard County
One Sotheby’s picks up Brevard County brokerage
One Sotheby’s picks up Brevard County brokerage
US HUD Secretary Marcia Fudge (Getty, iStock)
A heavy crown: HUD secretary declares Miami “epicenter” of nation’s housing crisis
A heavy crown: HUD secretary declares Miami “epicenter” of nation’s housing crisis
10181 US Highway 98 West and 39 Sandy Dunes Circle (LoopNet)
Florida Panhandle estate sold for $25M
Florida Panhandle estate sold for $25M
Netscape co-founder Jim Clark and 2000 South Ocean Boulevard in Manalapan (Getty, Sotheby's)
Manalapan compound poised to sell for Florida-record $175M
Manalapan compound poised to sell for Florida-record $175M
Residential sales fall in Southern Florida
Residential sales fall in April across South Florida
Residential sales fall in April across South Florida
arrow_forward_ios

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

Loading...