Access here alternative investment news about Zmr Capital Buys Tampa Apartments For $65M
Real Estate

Zmr Capital Buys Tampa Apartments For $65M

by multihousingnews.com posted 1month ago 6 views
The value-add buyer plans to invest in extensive capital improvements at the 400-unit garden-style asset. : ZMR Capital has paid $65 million to NorthEnd Equities for Hanley Place, a 400-unit multifamily property in Tampa, Fla. CBRE represented both parties. The property last changed hands in 2018, when NorthEnd purchased it from Axionic Properties for $42.2 million, according to Yardi Matrix. ZMR Capital plans to invest in extensive updates and capital improvements to the 1972-built community, CEO Zamir Kazi said in prepared remarks. Hanley Place encompasses 15 two- and three-story buildings on 25 acres at 7315 W. Hanna Ave.

In this article