Real Estate

Providence Real Estate Announces Acquisition of the Park at Via Rosa Apartments

The property became constructed in 2000 on approximately 24-acres and offered residents huge floorplans with private entrances and 9-foot ceilings. The property offers its residents brilliant get right of entry to the I-seventy five workplace hall (22 million square feet of workplace area) and healthcare centres together with the Brandon Regional Hospital and the new TGH Brandon Healthplex. The assets are anticipated to undergo full-size outside and interior renovations and may be renamed 2211 Grand Isle.

“The acquisition of Park at Via Rosa provides a tremendous possibility for us to reposition nineteen-year-old assets a good way to advantage from an enormous renovation to permit it to offer great condominium housing for Tampa’s body of workers. Furthermore, Park of Via Rosa represents the seventh belongings in Providence’s Tampa portfolio, and we retain to benefit from the huge electricity of the overall Tampa multifamily marketplace,” stated Alan Pollack, Providence’s Chairman.

“This transaction leverages our enjoy and intensity of relationships in the multifamily zone and illustrates our strategic desires to accumulate and enhance the body of workers housing in select metro regions,” said Cameron Jones, Head of Real Estate Equity Acquisitions for Aegon RA.

ABOUT PROVIDENCE REAL ESTATE, LLC

Providence and its associates have been a lively proprietor-operator of multifamily residential groups because of 1985. Providence includes an old institution of experts dedicated to looking for, identifying, obtaining, renovating and operating multifamily residences in select U.S. Markets. Providence is a wholly integrated actual estate organisation with the property, asset and construction control, in addition to acquisitions, accounting, records technology and human aid divisions.

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