TLR Group acquires 212 units in Tampa, Florida

TLR Group, one of the nation’s leading opportunistic real estate investors, announces the purchase of River Pointe Apartment Homes. The multifamily community was purchased from Coastline Management Group (represented by Cushman & Wakefield) for $27.5M

 

TLR Group was one of 40 offers and one of the few aggressive, local groups pursuing the deal. Nick Meoli of Cushman & Wakefield said ““Given their sized portfolio and strong presence in the market, they truly saw the upside and potential of the asset and plans a significant repositioning of the property.” about TLR Group.

 

Located at 8024 Hidden River Drive, the 212 mutlifamily apartment community is situated on right on The Hillsborough River in Northeast Tampa. The asset is conveniently located near the Hard Rock Hotel and Casino, Busch Gardens, The University of South Florida, and a copious amount of county parks, great shopping and dining venues. River Pointe has easy access to Interstates 4, 75, 275, and Highway 301 connecting residents to everything Tampa has to offer.

 

TLR Group is a global real estate management & investment firm based in Tampa. Florida. TLR relocated headquarters to Tampa in 2015 with the mission of providing an exceptional, integrated service to property investors while ensuring the satisfaction of tenants. TLR is affiliated with LCN Property Management in Montreal, Quebec, Canada since 2001. This acquisition marks the 16th for TLR in the Tampa bay area.