Blog Archives

Starwood Property Trust Snaps Up Another Florida Affordable Housing Portfolio for $600M

Starwood Property Trust Inc. (NYSE: STWD) has agreed to buy 28 properties with a combined 6,185 affordable housing units in Orlando, Tampa and other major Florida markets for $ 600 million. Starwood, the nation’s largest commercial mortgage REIT, announced the signing of a definitive agreement to acquire the institutional-quality portfolio in an off-market transaction. The […]

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GMC Property Mgmt Sells Villages at Turtle Creek for $18.6M

GMC Property Management sold the 232-unit Villages at Turtle Creek at 14620 Turtle Creek Cir. in Tampa, FL to Praxis Capital, Inc. for $ 18.58 million, or approximately $ 80,000 per unit. The 166,721-square-foot multifamily community comprises 13 buildings on 12 acres in the University Square MF submarket. it was built in 1985 and was […]

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Workspace Property Trust Files for IPO to Raise $100 Million

A year after acquiring a nearly $ 1 billion portfolio of suburban office properties, Horsham, PA-based Workspace Property Trust on Monday filed to raise up to $ 100 million through an initial public offering. Workspace Property, which first filed a confidential S-11 registration statement on June 30, plans to list on the New York Stock […]

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Innovation Marine Corp Pays $5M for Sarasota Industrial Property

Innovation Marine Corp, a Florida-based company in the marine boating industry, acquired the International Convention Center in Sarasota, FL, from Oscar Parsons for $ 5 million, or about $ 42 per square foot. The industrial facility delivered in 1988 at 8005 15th St in Sarasota’s Manatee County, a couple of blocks south of the Suncoast […]

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Passco Pays $49.7M for Pearce at Pavilion Property on Pavilion Palms

PASSCO Companies LLC acquired the 250-Unit Pearce at Pavilion apartments at 3603 Pavilion Palms Cir. in Riverview, FL for $ 49.7 million, or about $ 199,000 per unit, from Mattoni Group and Adler Realty Services LLC. The 200,000-square-foot multifamily community consists of one-, two- and three-bedroom units in seven buildings. It was built in 2016 […]

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