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BRANDON, FL-Alliance Residential Company, a Phoenix-based private investment firm, has acquired a 366-unit apartment complex called Westbury at Lake Brandon Apartments for $33.1 million, which translates into $90,437 per apartment.
TAMPA-Jim Bobbitt of CBRE’s Multi-Housing Group tells GlobeSt.com's Jennifer LeClaire that a low cap rate and low interest rate drove investment demand.
MIAMI-Bilzin Sumberg's Al Dotson tells GlobeSt.com's Jennifer LeClaire that affordable housing is a key focus of public-private partnerships on the real estate front.