Gamla-Cedron Sells Arbors at Carrollwood Apts
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Gamla-Cedron Group sold the 223-unit Arbors at Carrollwood apartments at 3939 Ehrlich Rd. in Tampa, FL to Avesta Homes LLC and GRJ for $ 28.63 million, or approximately $ 128,000 per unit. The 390,888-square-foot multifamily community consists of one-, two- and three-bedroom units across 14 buildings. It was built in 2001 in the Carrollwood Springs Multifamily submarket, and was 99 percent occupied at the time of sale. Patrick Dufour of ARA…
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