Belara Lakes

March 28, 2016 Comments Off on Belara Lakes Acquired for $22M Views: 655 California News, Florida, Maryland, National News, Northeast, Southeast

Belara Lakes Acquired for $22M

Federal Capital Partners (FCP), headquartered in Chevy Chase, MD, acquired the 324-unit Belara Lakes Apartments in Tampa, FL for $22.4 million. Belara Lakes, at 8402 N. Waterford Ave., is the buyer’s first multifamily acquisition in Florida, and its second investment within the past three months.

“The acquisition of this well-located Tampa community is consistent with FCP’s strategy of investing in quality multifamily communities that appeal to a broad range of residents,” said FCP Vice President Jason Ward.

Nick Meoli with Marcus & Millichap brokered the transaction. Avesta will continue to manage the property.

Read More at PR Newswire

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