Story: Developer Buys Brandon, Fla. Apartments for $77.5MM

From Kevin McQuaid at the Florida Business Observer staff on Friday, June 21, 2019:

An affiliate of Nuveen Real Estate Management Ltd. has acquired the former Azola Apartments in the Brandon section of Tampa for $77.5 million, the latest in a string of multifamily purchases by the Teachers Insurance & Annuity Association investment arm. Nuveen bought the 366-unit complex, on 25 acres at 9303 Cobalt Drive, from a group comprising Zom Living, the Mattoni Group and Clarion Partners LLC, of New York. Tampa Brandon Apartments L.P., a group led by Zom, acquired the site in late 2016 for $4.2 million, according to Hillsborough County records.

Image courtesy of the Nuveen.

Image courtesy of the Nuveen.

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Nico Hohman