Tampa apartments sold; $100 million in financing secures deal

Bainbridge Ybor City was bought by an unnamed investor who's planning to invest about $9 million on improvements.

  • By Louis Llovio
  • | 11:02 a.m. April 26, 2022
  • | 0 Free Articles Remaining!
Bainbridge Ybor City sold to investor about four years after complex opened to residents. (File photo)
Bainbridge Ybor City sold to investor about four years after complex opened to residents. (File photo)
  • Tampa Bay-Lakeland
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Bainbridge Ybor City, a 240-unit apartment complex in Tampa, has sold for $90.65 million.

The deal came together with $100 million in financing, with the $9.35 million in additional funds to be used for improvements. Of the $100 million, $67.55 million came from the New York-investment firm Square Mile Capital and $32.58 million came from an unnamed international private equity group.

 

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