TAMPA, FLA. (November 5, 2014) – Blueros Group LLC, a partnership affiliated with Montreal-based Rosdev Group and Tampa-based Blue Rock Partners, LLC, on October 28 closed its $16.7 million purchase of The Park at Coventry apartments in Tampa from a Praedium-controlled group, stated Blue Rock Partners managing partner Reuven Oded. Representing a purchase price of $52,188 per unit, the premier 320-unit apartment community is located at 13800 Bruce B. Downs Blvd. Financing was arranged by Eastern Union Funding and the lender was Arbor Commercial Mortgages LLC. Berkadia Real Estate represented the buyer and seller in the transaction. A leading investment and management company, Blue Rock Partners owns and manages over 10,000 apartment units in Tampa, Clearwater, Hudson, Lakeland, Orlando, Fort Myers, Atlanta, Ga., and Birmingham, Ala., either solely or through various partnerships, said Oded. Concluding, Oded added, “Blue Rock Partners continues to expand its presence through select property acquisitions, and manages with one mission in mind: ‘Be Second To None!’ My partner Randy Ferreira and I have methodically guided Blue Rock’s aggressive portfolio expansion while building the Blue Rock brand, which is now a highly recognized name in multi-family space.” To learn more about The Blue Rock Lifestyle including third-party management by Blue Rock Partners, contact Reuven Oded at (813) 620-0800.
Blue Rock Partners’ headquarters is located at 5650 Breckenridge Park Dr., Suite 302, Tampa, Fla. Visit Blue Rock Partners’ website at www.bluerockpartnersllc.com.