Michaelson Real Estate Group, LLC and a private equity investor acquire Heritage at Temple Terrace Apartments in Hillsborough County, Florida

Michaelson Real Estate Group, LLC and a private equity investor have acquired Heritage at Temple Terrace, a 126-unit multi-housing community located at 10605 North 56th Street, Temple Terrace, Florida.

Nestled in the Temple Terrace community, a suburb just north of Tampa which was voted one of the best places to live in Florida, Heritage is ideally situated close to the Tampa/St. Petersburg metro areas and a short drive from Orlando and the Sarasota beach areas. Community driven, the area boasts neighborhood events, bike trails, museums, and several community parks. Heritage is just minutes away from restaurants, shopping, banking, and schools including the University of South Florida. Heritage also offers superb accessibility to the area\u2019s most traveled highways, including three major interstate highways, I-4, I-75 and I-275.

Built in 1968, Heritage features a mix of two and three-bedroom apartments in four different floor plans with an average size of 1,211 square feet. Features include all electric kitchens, plush carpeting, ceramic tile, washer/dryers connections, private balconies/patios and on-site laundry facility. The property\u2019s amenities include a sparkling pool with sundeck, picnic/grilling area and mature landscaping.

Michaelson specializes in enhancing multifamily values through marketing, management and repositioning. Michaelson has managed more than 30,000 apartment and condominium units throughout the Southeast.