Blue Rock, Konover South buy Hamilton Bay Apartments

BUYER: Hamilton Bay Property Holdings LLC, Tampa
SELLER: Brandon Multifamily Partners LLC
PROPERTY: 1801 Princeton Lakes Drive, Brandon
PRICE: $43.6 million
PREVIOUS PRICE: $30 million, August 2010
LAW FIRM ON DEED: Waller Lansden Dortch & Davis LLC, Nashville, Tenn.

PLANS, DESCRIPTION:
A joint venture of Tampa-based Blue Rock Partners LLC and Konover South LLC of Deerfield Beach purchased the 444-unit Hamilton Bay Apartments in Brandon for $43.6 million.

The price equated to $98,198 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.