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Multifamily REIT Buys Southeast Tampa Apartment Complex for $28.7 Million

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Multifamily real estate investment trust Resource Apartment REIT III purchased The Park at Kensington, a 204-unit apartment complex in Riverview, Florida, for $ 28.7 million or $ 140,686 per unit. The Philadelphia-based firm acquired the apartment complex from Blue Magma Residential LLC, which originally bought the community in 2012, according to CoStar data. Located at 6218 Watermark Drive, the garden-style multifamily community was built in…
Tampa/St. Petersburg Commercial Real Estate News From CoStar Group

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