(Read more on the multifamily market.)

TAMPA, FL-Two multifamily portfolios with a total of 13 properties with 2,680 units have been placed on the market. Combined, the two portfolios carry a nearly $225-million asking price.

A Naples-based private regional group of investors is the seller of one of the portfolios, which contains five properties with 1,619 units and has a listing price of $160 million. Two of the properties are located in Tampa suburbs. They are the 390-unit Grand Rivage in Brandon and the 228-unit Hawthorne Place in Riverview. Three are located in South Fort Myers, including the 360-unit Park Crest at the Lakes, the 320-unit Beach Club and the 320-unit Viridian Lake.

The other portfolio is being sold by a Tampa-based private investor and contains eight properties with 1,061 units and a listing price of $64.7 million. The properties are the 130-unit Ashley Oaks in Tampa, the 212-unit Sterling Lakes in Tampa, the 144-unit Gateway in St. Petersburg, the 125-unit Palisades in Brandon, the 92-unit DeSoto Village in Bradenton, the 93-unit Bentwood in Gainesville, the 81-unit Whisperwood in Gainesville and the 184-unit Outrigger in Orlando. Two of the properties in this portfolio traded hands just recently. Last month, Gateway was acquired from Miami-based 2000 Gandy LLC for $7.7 million, or about $53,500 per unit. GlobeSt.com records put Mallah Enterprises as the buyer; however, GlobeSt.com could not confirm if Mallah is the seller of the eight-property portfolio. In October, Desoto Village was acquired for $5.6 million from Mitchell Zerwin, of Bradenton.

JBMRA-Sperry Van Ness Institutional chairman & CEO Jamie May is the listing broker for both portfolios. JBMRA-Sperry Van Ness Institutional senior advisor Eric Ammon, who is based out of the company’s Tampa office, is handling the sale of the portfolios.

Both sellers are placing the assets on the market because they felt it was the right time to sell. Ammon says a wide range of investors have already expressed interest in the portfolio. “We expect a tremendous amount of interest in these properties,” Ammon says. “The fundamentals of apartments are strong. Insurance rates have come down and occupancy levels are high.”

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