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

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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 in the Outer Southeast Tampa MF submarket. Jonathan Barclay of JBM Institutional Multifamily Advisors…
Tampa/St. Petersburg Commercial Real Estate News From CoStar Group

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