April 27, 2015
Brandon apartments sell for $43.6 million
A Tampa firm has purchased a Brandon apartment complex for $43.6 million or $98,200 per apartment.
Blue Rock Partners LLC acquired the 444-unit Hamilton Bay Apartments at 1801 Princeton Lakes Drive in a deal that closed April 23, according to Hillsborough County property records.
New York Community Bank provided a $32.7 million mortgage, according to property records. The property was built in 1989.
The seller was Covenant Capital Group, based in Nashville, Tennessee. Covenant paid $30 million…