Exclusive: Camden sells off multifamily development site in Westchase

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A national player in the apartment market has sold off a development site in Tampa’s Westchase area.

Houston-based Camden Property Trust (NYSE: CPT) sold nearly 6 acres adjacent to Camden Westchase Park to a buyer who plans to build a 120-bed senior living community there.

The purchase price was $2.15 million. Vertica Commercial Advisors, a subsidiary of Tampa-based Vertica Partners, represented Camden in the transaction.

The site — which Camden owned after building the 348-unit Westchase Park… …read more