Berkadia arranged a $38.35 million debt and equity recapitalization for Pointe at Carrollwood, a 224-unit apartment community in Tampa, to support ongoing improvements and capitalize on the area's strong rental market.

Target Information

Pointe at Carrollwood is a 224-unit value-add apartment community situated in the Carrollwood neighborhood of northwest Tampa, Florida. Acquired by Beacon Real Estate Group in March 2022, the property has since undergone significant capital improvements totaling over $3.6 million, enhancing its appeal and current occupancy rate of 95%. Originally built in 1984, it features one- and two-bedroom apartments ranging in size from 629 to 1,050 square feet, equipped with modern amenities such as stainless steel appliances and designer finishes.

Set against a backdrop of natural conservation, Pointe at Carrollwood offers residents a serene living environment with access to lush landscaping and scenic lake views. Community amenities include a swimming pool with grilling stations, a fitness center, a playground, and convenient on-call maintenance services, ensuring a desirable living experience for its occupants.

Industry Overview in Tampa

The multifamily real estate sector in Tampa has been thriving, with Carrollwood recognized as one of the city's most lucrative submarkets. Notably, Tampa's economic landscape is bolstered by its strategic location, proximi