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Starwood Property Trust Pays $563.5M for 31-Property LIHTC Portfolio Spread Across Florida

Area: sqft BHK:  Price: 
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The Wilson Company has sold a multifamily portfolio of 31 Low Income Housing Tax Credit (LIHTC) properties spread across Florida to Starwood Property Trust, an affiliate of Starwood Capital Group, for $ 563.5 million, or about $ 66,300 per unit. Heavily concentrated in the Central Florida markets of Orlando and Tampa, the portfolio totals 8,498 units in 31 apartment buildings developed between 1995 and 2004 under Section 42 of the Internal Revenue…
Tampa/St. Petersburg Commercial Real Estate News From CoStar Group

Post Tagged with $563.5M, 31Property, Across, Florida, LIHTC, Pays, Portfolio, Property, Spread, Starwood, Trust

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Recent Posts

  • Irene Sandiego, Tampa4u Realtor — Past Home Sales
  • Compare the 4 Most Popular Low-Down-Payment Home Loans
  • It’s March! The Best Month for Tampa Home Sellers to List
  • Builders Fulfill Homebuyers’ Desire for Large Open-Floor-Plan Homes
  • The Most Expensive Existing Condos for Sale in Tampa Are on Bayshore Blvd

General Tampa Area

Today, Tampa is part of the metropolitan area most commonly referred to as the Tampa Bay Area. For U.S. Census purposes, Tampa is part of the Tampa-St. Petersburg-Clearwater, Florida Metropolitan Statistical Area. The four-county area is composed of roughly 2.9 million residents, making it the second largest metropolitan statistical area (MSA) in the state, and the fourth largest in the Southeastern United States, behind Miami, Washington, D.C. and Atlanta.[14] The Greater Tampa Bay area has over 4 million residents and generally includes the Tampa and Sarasota metro areas.

Tampa Areas

The city is divided into many neighborhoods, many of which were towns and unincorporated communities annexed by the growing city. Generally, the city is divided into the following areas: Downtown Tampa, New Tampa, West Tampa, East Tampa, North Tampa, and South Tampa. Well-known neighborhoods include Ybor City, Forest Hills, Ballast Point, Sulphur Springs, Seminole Heights, Tampa Heights, Palma Ceia, Hyde Park, Davis Islands, Tampa Palms, College Hill, and non-residential areas of Gary and the Westshore Business District.

Categories

  • Bungalow
  • General
  • Homes
  • Mansion
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