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Graves Brothers Company Pays $62.2 Million for Florida Apartment Community

SEPTEMBER 04, 2019|NIGEL DAVIDSON via Costar.com

 

EOCH Residential New Construction - 16947 kettle

Epoch Residential Sells Lakeside Walk at Bexley

Eoch Residential sold the Lakeside Walk at Bexley apartments at 16947 Kettle Ln. in Land O Lakes, Florida, for $62.15 million, or approximately $207,000 per unit, to Graves Brothers Company.

The 300-unit, 303,191-square-foot, Class A multifamily community was built in 2018 on 18.5 acres in the Outer Pasco County submarket of Tampa. It offers a mix of one-, two- and three-bedroom homes across nine buildings, and features a business center, fitness center, gameroom, on-site management, walking and biking trails, tenant clubhouse, courtyard and cabana.

At the time of sale, the asset was 82% occupied.

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