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| Bridgeview Apartments, Tampa, FL |
TAMPA, FL (Sept. 12, 2013) – Capital Square Realty Advisors
LLC announced today that an affiliate of the company has acquired Bridgeview
Apartments, a 348-unit, Class A garden-style multifamily community in
Tampa, Florida.
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| Louis Rogers |
Bridgeview consists of 17 wood-framed and stucco residential
buildings ranging between two and three stories and features a clubhouse with a
new business center, resort-style pool, playground, fitness center and tennis
and racquetball courts.
The property is nestled within a serene two-acre
park-like setting with three onsite lakes, strategically located in a prime
infill location within Tampa’s thriving metropolitan statistical area.
“Bridgeview Apartments is a stable multifamily community in
a desirable neighborhood in Tampa,” said Louis Rogers, founder and chief
executive officer of Capital Square Realty Advisors.
“Residents enjoy a premium
amenity package and the community is ideally located for business
professionals, with easy access to nearby Tampa International Airport and
Greater Tampa via the Veterans Expressway.”
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| Yogi Singh |
Yogi Singh, vice president of acquisitions and
business development for Capital Square, said, “This acquisition demonstrates
Capital Square’s ability to source and acquire institutional-quality assets on
behalf of a national investor base.
"Capital Square’s acquisitions team and external mortgage banking team
led by Adam Levinson, managing director at BGC Capital Partners, worked
tirelessly to complete the transaction in a professional and efficient manner.”
Tampa is the third most populous city in the state of
Florida and the seat of Hillsborough County. Service, retail, finance,
insurance, shipping, national defense, professional sports, tourism, and real
estate all play a vital role in the area's economy.
Hillsborough County alone
has an estimated 740,000 employees, a figure which is projected to increase to
922,000 by 2015. Several Fortune 1000
companies are headquartered in the metropolitan area, including OSI Restaurant
Partners, WellCare Health Plans, Inc., TECO Energy, and Raymond James
Financial.
For a complete copy of the company’s news release, please
contact:
Julie Leber
Spotlight Marketing Communications
949.427.5172, ext. 703 – office
509.338.5676 – cell
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