Nashville firm buys Swan Lake apartments

Covenant Capital Group focuses on acquisitions with upside potential from renovations.

  • By Kevin McQuaid
  • | 6:00 a.m. January 15, 2021
  • | 0 Free Articles Remaining!
COURTESY PHOTO — Covenant Capital Group plans significant renovations to Swan Lake apartments in the wake of its purchase of the Tampa multifamily rental asset.
COURTESY PHOTO — Covenant Capital Group plans significant renovations to Swan Lake apartments in the wake of its purchase of the Tampa multifamily rental asset.
  • Commercial Real Estate
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A Nashville, Tenn.-based investment firm that specializes in buying older apartment communities and modernizing them has acquired the Swan Lake apartments in Tampa for $82.5 million.

Covenant Capital Group’s late December deal for the 640-unit complex marks its sixth purchase in Florida, according to its website.

 

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