Nuveen buys Tampa apartments for $62 million

Giant investment firm acquires 5 West in Rocky Point as demand for rentals grow

By Kevin McQuaid
| 6:00 a.m. February 15, 2019
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Commercial Real Estate

Nuveen Real Estate, the investment management arm of Teachers Insurance & Annuity Association, has invested $61.9 million to acquire the 5 West Apartments in Tampa’s Rocky Point area.

The New York-based Nuveen, which manages more than $125 billion worth of real estate, bought the 318-unit apartment complex from Atlanta-based Pollack Shores Real Estate Group, property and state records show.