Apartment deals closing despite virus fears

CBRE reports multifamily rental transactions remain active in the Tampa Bay area

  • By Kevin McQuaid
  • | 6:00 a.m. August 14, 2020
  • | 0 Free Articles Remaining!
COURTESY PHOTO -- CBRE recently sold the Veranda at Westchase apartments for $70.45 million, one of a spate of sales the brokerage's Tampa-based multifamily team executed in the second quarter.
COURTESY PHOTO -- CBRE recently sold the Veranda at Westchase apartments for $70.45 million, one of a spate of sales the brokerage's Tampa-based multifamily team executed in the second quarter.
  • Commercial Real Estate
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Despite investment jitters over the potential impact of COVID-19 on the apartment sector in some parts of the country, multifamily rental transactions in the Tampa Bay area continued largely unfazed during the second quarter.

CBRE Group’s Tampa-based multifamily team, for instance, closed six deals in the three-month period from April 1 through June 30 in Tampa and St. Petersburg.

 

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