MIAMI, FL – HFF announced today that it has closed the sale of The Estates at Tuscany Ridge (top left photo), a 450-unit, Class AA multi-housing community in Tampa, Florida.HFF marketed the property on behalf of the seller, Blue Granite Partners, LLC. Camden Property Trust purchased The Estates at Tuscany Ridge for an undisclosed amount. HFF was also involved in the prior sale to Blue Granite Partners, LLC from Fidelity Investments in 2010.
The Estates at Tuscany Ridge is located on the south side of Tampa’s Crosstown Expressway and immediately west of Interstate 75 at 2302 Visconti Boulevard, less than nine miles from downtown Tampa.
Completed in 2007, the 95 percent leased property has 23 buildings with one-, two- and three-bedroom units averaging 1,126 square feet each. Community amenities include a clubhouse, cyber café, tennis court, sand volleyball court, swimming pool, media room, children’s playroom, fitness center, barbeque area and two lakes with fountains and jogging paths.
The HFF team representing Blue Granite Partners, LLC included managing director George Vail (middle right photo), director Jaret Turkell (bottom left photo)and real estate analyst Scott Wadler.
Blue Granite Partners, LLC is a privately-held real estate investment and management firm based in Clifton, New Jersey.
Camden Property Trust is one of the largest publicly traded multifamily companies in the United States. Structured as a real estate investment trust (REIT), the company is engaged in the ownership, development, acquisition, management, and disposition of multifamily residential apartment communities. Camden's workforce totals nearly 1,800 employees, and the company is headquartered in Houston, Texas.
Contacts:
George Vail, HFF Managing Director, (305) 448-1333, gvail@hfflp.com
Jaret Turkell, HFF Director, (305) 448-1333, jturkell@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500,
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