A New York based owner and manager of rental housing propeties paid $60 million. The property is 470 unit garden apartment complex about 50 miles north of Tampa.


New York based Beachwold Residential paid $127,760 per unit for Hibiscus Spring Rental Homes in the Spring Hill area of Hernando County.
The apartment complex at 3454 Suncoast Villa Way is next to the Suncoast Parkway/Veterans Expressway.
Hibiscus Springs Rental Homes is a 40 acre property with 58 one and two stroy buildings. One story patio homes with two bedrooms comprise the first phase of the property’s development, completed in 2004. The property’s second phase of development completed in 2016. The properties comprise three bedroom.

Source:The Real Deal
Fulya Altunyay/ [email protected]