Source: @cred_iq
— Shashankh Aryal (@aryal1994) March 13, 2024
ZMR Capital Lands $207M for Tampa Acquisition
ZMR Capital has acquired The Reserve at Brandon, a 982-unit community in Brandon, Fla. NorthEnd Equities sold the property, previously purchased in 2019 for $123 million, Yardi Matrix data shows. Berkadia arranged the $207 million, 5-year, floating-rate bridge loan, funded by MF1, public records show. The loan-to-cost ratio is 80 percent.
Completed in four phases, between 1991 and 2002, the community encompasses 42 low-rise buildings with one-, two- and three-bedroom apartments, ranging from 705 to 1,200 square feet. Amenities include granite countertops, stainless steel appliances, walk-in closets and private balconies or patios. Residents have access to common-area amenities such as a clubhouse, fitness center, swimming pools, playground, business center, coffee bar and tennis court.
Located at 1918 Plantation Key Circle, the community is within half a mile of the Providence Square shopping center and within 1.5 miles of Westfield Brandon Mall, offering easy access to retail, dining and entertainment options. Selmon Exp
www.multihousingnews.com/zmr-capital-lands-207m-for-tampa-acquisition/