Teachers Insurance buys St. Petersburg apartments

Investor pays $81 million for Fusion 1560, among the highest price for multifamily in the Tampa area this year

  • By Kevin McQuaid
  • | 6:00 a.m. August 31, 2018
COURTESY PHOTO — Teachers Insurance & Annuity Association spent $81.1 million to acquire the Fusion 1560 apartments in St. Petersburg
COURTESY PHOTO — Teachers Insurance & Annuity Association spent $81.1 million to acquire the Fusion 1560 apartments in St. Petersburg
  • Commercial Real Estate
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Teachers Insurance & Annuity Association has purchased the Fusion 1560 apartment complex in St. Petersburg for $81.1 million, records show, continuing a flurry of multifamily rental transactions along the Gulf Coast in 2018.

 

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