TAMPA, FL – Xavier Family Partnership, led by Tampa-based investor Randy X. Ferreira, purchased the $44.4 million, 400-unit LakeBridge apartment community located at 8301 Sandstone Lake Drive in Tampa’s Town ’n’ Country neighborhood.
The resort-style lakeside community, being re-branded and marketed as The Park at Lake Como, is now managed by Tampa-based Blue Roc Premier Properties, LLC, a premier management company also headed by Randy X. Ferreira, CPM, Principal/CEO.
Representing a purchase price of $111,000 per unit, and currently exceeding 96 percent occupancy, the 31-building property near Tampa International Airport offers one-, two- and three-bedroom units and excellent site amenities.
In making the announcement, Randy X. Ferreira stated, “Blue Roc Premier now manages over 30 Florida apartment communities totaling more than 10,000 units. Our core priority, commitment and passion is in providing premier club-style apartment living and amenities to ensure an unsurpassed resident experience.”
Jason Stanton, Managing Director of Berkadia’s Tampa office, and Cole Whitaker, Senior Managing Director of Berkadia’s Orlando office, brokered the transaction. BB&T Real Estate Funding was the lender, and Grandbridge Real Estate Capital brokered the debt for the purchase. Insula Cos. was the seller.