Pollack Shores Sells Long-Term, Value Add Asset in Tampa, FL

5 West Apartments, Tampa, FL

TAMPA, FLA. (Jan. 4, 2019) – Multifamily developer and investment firm Pollack Shores Real Estate Group announced the sale of 5 West Apartments to TH Real Estate in Tampa, Florida after a successful 10-year hold. 

The community, originally developed by Pollack Shores, has been an incubator for the company, a place to deploy forward-thinking property management and value-add strategies since 2008.

Steven Shores

 “5 West Apartments is especially meaningful for Pollack Shores because every side of our business played a significant role in the community’s success,” said Steven Shores, CEO and President of Pollack Shores.

“Our team’s collaborative efforts and flawless execution of the initial development, recent renovation and day-to-day onsite management over the last decade showcase our expertise in all areas of multifamily real estate.”

Brendan Whalen, Vice President of Acquisitions at Pollack Shores, said, “There is incredible demand for value-add properties in the multifamily space, and we’re eager to apply our experience and proven approach to our portfolio in 2019.”

Pollack Shores acquired the land in Tampa’s Westshore District in 2008 and developed the 318-unit garden-style community.

 It was one of Pollack Shores’ first development projects and marked the company’s first entry into Florida.

Pollack Shores has since expanded its presence throughout the state, having managed 6,754 units and owned 23 properties there.

CONTACTS: 

Nick Banaszak

The Wilbert Group

256-457-5384 (C)

nbanaszak@thewilbertgroup.com

Liz Maddux · Assistant Account Executive

1718 Peachtree St., Suite 1048 · Atlanta, GA 30309

M: 478-972-3210

www.thewilbertgroup.com

pollackshores.com/.

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