New Tampa apartment complex sold for more than 2007 price

An apartment complex in New Tampa has been sold for $49.325 million, above a 2007 peak price of $45 million.

ELRH Investments, based in Jupiter, paid $130,489 per apartment for The 378-unit Preserve at Tampa Palms, at 17220 Commerce Park Blvd., according to Hillsborough County property records.

The seller, New York-based Brookfield Property Group, paid $45 million or $119,045 per apartment in 2007.

The deal represents more than a rebound in prices. Since the Great Recession, there are more renters… …read more