TAMPA, FL-CB Richard Ellis has negotiated the sale of an apartment community in Tampa. Chicago-based Transwestern Investment Company has bought Mallory Square Apartments, a 383-unit community from CIGNA Investments, Inc. for $38.75 million or about $101,179 per unit.
The apartment community comprises single-, double- and triple-bedroom units having an average of 1,069 square feet. CBRE's Multi-Housing Group represented the seller in the transaction. Financing for the deal was offered by Fannie Mae through CBRE's Debt & Equity Finance Group. For the full story, go to Florida Real Estate Journal.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
