(Read more on the multifamily market.)
TAMPA, FL- Locally based Blue Rock Partners LLC has acquired the320-unit Palm Island multifamily complex at 13800 Bruce B. DownsBlvd. for $20.42 million. The deal factored out to $63,828 perunit.
Robert Goldfinger, senior investment associate and director ofMarcus & Millichap's National Multi Housing Group, tellsGlobeSt.com that the seller wanted to get out of the apartmentbusiness. Goldfinger and Marcus & Millichap investmentspecialist Elizabeth Calleja represented the seller, Palm IslandGroup LLC. Palm Island Group's president is Mark Calleja.
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