Multifamily Repositioning Project

Tampa, Florida

Multifamily Repositioning Project

Tampa, Florida

Nimes and its partners acquired a 357-unit multifamily asset in Tampa, FL. The asset was un-stabilized and heavily mismanaged by prior ownership and required complete renovation to the exterior of the asset and unit interiors. A significant portion of the property was renovated, resulting in rising occupancy and rents. The asset was sold in 2016 after effectuating the business plan.

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