Mallah's Equity Management Partners buys, renovating Boardwalk at Morris Bridge Road

BUYER: Boardwalk at Morris Bridge Road LLC, Largo
SELLER: Boardwalk at Morris Bridge LLLP
PROPERTY: 8800 Boardwalk Trail Drive, Temple Terrace
PRICE: $17.2 million
PREVIOUS PRICE: $964,000, November 1999
LAW FIRM ON DEED: Green & Piotrkowski PLLC, Miami Beach

PLANS, DESCRIPTION:
Equity Management Partners Inc. purchased the 146-unit, 580-bed Boardwalk at Morris Bridge Road student housing development for $17.2 million.

The price equated to $29,655 per student bed or $117,808 per unit. That figure is higher than the two-year average price per unit for multifamily space ($72,609) in the Tampa Bay area, according to the CoStar Group.