Connect Media > Florida News > Central Florida > Passco Acquires Metro Tampa Apartment Property for $76M

November 10, 2020 Comments Off on Passco Acquires Metro Tampa Apartment Property for $76M Views: 1311 Central Florida, Florida News, Top Florida

Passco Acquires Metro Tampa Apartment Property for $76M

Order Reprints...

Privately-held, California-based commercial real estate firm Passco Cos. has acquired Tapestry Cypress Creek, a 341-unit apartment community in Tampa’s East Pasco County submarket. The sales price was $76.4 million.

Tapestry Cypress Creek is located at 2300 Tapestry Park Drive in Land O’ Lakes, FL. Community amenities at the garden-style property include a resort-style saltwater pool, clubhouse with a coffee bar, a 24-hour fitness studio, a spin studio, a resident club room with a sports lounge, a bocce ball court, a pet park, and outdoor barbeques with a dining terrace.

Patrick Dufour, Ryan Crowley, Andrew Visnick, and Pibu Aulakh of Newmark represented the seller, Arlington Properties, in the transaction. Additionally, Caleb Marten of KeyBank Real Estate Capital’s Commercial Mortgage Group arranged acquisition financing on behalf of Passco Cos.

Connect With Passco

Connect With Newmark’s Dufour

Subscribe to Connect Daily National

For comments, questions or concerns, please contact David Cohen

Tags: ,

Comments are closed.