Tampa apartments sell to Seattle multifamily investor

Niche, a Tampa apartment complex just outside of downtown, has sold.

The property was bought by Seattle-based Horizon Realty Advisors from Wingspan Development and ABC Capital Corp.

The pair developed the property at 1116 W. Carmen St., which is just outside of the historic Hyde Park neighborhood and near the University of Tampa.

The six-story, 251-unit community opened in 2024.

The companies did not disclose a sale price, but according to the deed in Hillsborough County records, the land sold for $57 million.

This is the second local community Wingspan and ABC built and flipped in recent years. The first was the 192-unit Jade at North Hyde Park on Willow Avenue.

It was bought in June 2024 by the San Francisco real estate investment firm Hamilton Zane. County property records show the land sold for $50.8 million.

Wingspan says in a statement that it sold the two properties to focus on other projects it has working in Florida. That includes Wekiva Ranch, a 368-unit complex on 21.47 acres in Apopka, an Orlando suburb.

As for Horizon Realty, it specializes in multifamily, both conventional and student housing. According to its website, Horizon currently operates 53 properties in 15 states. Four of those — including Niche — are in Florida.