TAMPA, FL-Gamla-Cedron Group, an Israel-based investment group, has acquired the note for Preserve at Temple Terrace in Tampa. This distressed multifamily property is the fifth deal for the group since mid-2009 in the Tampa Bay area.
The purchase of the note is for 158 units that are presently under foreclosure. The Preserve, a Class A community having 392 units, was bought in April 2006. T. Sean Lance and John Burpee of NAI Tampa Bay represented the buyer in the transaction. For the full story, go to Florida Real Estate Journal.
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