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TAMPA, FL-Gamla-Cedron Group, an Israel-based investment group,has acquired the note for Preserve at Temple Terrace in Tampa. Thisdistressed multifamily property is the fifth deal for the groupsince mid-2009 in the Tampa Bay area.

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The purchase of the note is for 158 units that are presentlyunder foreclosure. The Preserve, a Class A community having 392units, was bought in April 2006. T. Sean Lance and John Burpee ofNAI Tampa Bay represented the buyer in the transaction. Forthe full story, go to Florida Real EstateJournal.


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