Apartment complex, after upgrades, changes hands

Hart Realty Advisers sold the Tampa property on behalf of an investor after making major improvements.

By Business Observer Staff
| 2:40 p.m. July 16, 2019
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The 264-unit Rocky Creek Apartments community has been sold. Courtesy photo.

Tampa Bay-Lakeland

TAMPA — Simsbury, Conn.-based Hart Realty Advisers has sold the Rocky Creek Apartments community in Tampa after renovations and improvements helped the 264-unit complex significantly appreciate in value.

Financial terms and the name of the buyer were not disclosed in a news release about the transaction. The last listed sale of the property in Hillsborough County records was for $30.2 million in 2006, according to the Hillsborough County property appraiser website.