July 1, 2020
TLR Group has acquired Mabry Manor, a 372-unit apartment community in Tampa for $42.8 million. The seller was Atlanta-based RADCO Cos.
Located nearby I-275, I-75 and I-4, the community is minutes from Downtown Tampa and Tampa Bay. The pet-friendly, class B community consists of a mix of studio, one- and two-bedroom apartments with open floorplans, modern kitchens and patios. Amenities include a pool, sundeck, fitness center, clubhouse and fully stocked lakes with fishing piers as well as a coffee bar, laundry facilities and a business center.
“This sale is the latest example of the execution of our successful three- to five-year business model,” said Norman Radow, CEO at RADCO. “We are extremely pleased with the improvements and value we have added to Mabry Manor during our ownership, producing positive results for both the community and our investors.”
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