“The occupied nature of this complex allows the syndicated team of investors to further develop the property and increase rents while realizing immediate income and lowered risk during a heightened market, notes Kurt Westfield, the firm’s Director.
Hubert Apartments will be re-branded and includes a range of studio, one-bed, two-bed, and three-bed units. The marketing team responsible for the sale indicates that “the property is located within the Drew Park submarket, an industrial area within the Westshore Business District. It is a location where buyers can find a higher yield than most submarkets in the Tampa Bay MSA due to the abundance of blue collar industrial jobs surrounding the multifamily properties in the immediate area.”
About Blue Peak Realty:
Blue Peak Realty serves as the asset management & retail branch of an otherwise commercially-focused investment brand, anchored by WC Equity Group.
WC Equity Group — a Business Journal Fast 50 Company headquartered in Tampa, FL — maintains a solid presence in contributing to expert panel discussions, research & analysis, real estate education, press consult, and general market updates. Our investment insight permits us to provide clear and transparent metrics, thereby allowing our clients to make informed and intelligent decisions.