Michaelson Real Estate Group, LLC and a Private Equity Investor Acquire Carlyle at Waters Apartments in Tampa, Florida

Michaelson Real Estate Group, LLC (“Michaelson”) and a private equity investor have acquired Carlyle at Waters Apartments, a 392-unit multihousing community in Tampa, Florida.  The asset enjoyed 92% occupancy at the time of purchase.

“Michaelson’s competitive advantage is its expertise and deep roots in the Florida multifamily market as well as its judicious experience in identifying attractive investment opportunities in the real estate market,” says Mike Moses the Principal and CEO.  The Tampa-St. Petersburg-Clearwater Metro area, all of which surround Tampa Bay, has become a favorite for real estate investors like Michaelson.

Built in 1985, Carlyle at Waters features a mix of one and two-bedroom apartments in seven different floor plans with an average size of 724 square feet.

The Carlyle has easy access to I-275 and I-4.  It is minutes from the University of Tampa, Downtown Tampa, Ybor City, Tampa International Airport and Tampa’s Lowry Park Zoo as well as a short commute to Tampa General Hospital, Verizon, JP Morgan Chase and other major employers.   The community features fully equipped kitchens with frost-free refrigerators, carpeted/upgraded vinyl floors, large private balcony/porches.    Units are plumbed with full size washers/dryer connections.  The property also boasts a superior amenity package including three sparkling pools, two laundry facility, state-of-the art fitness center, business center, clubhouse and controlled access.

Michaelson’s current portfolio includes over 15,000 multifamily units, primarily in the State of Florida.  Michaelson has been focused on the Orlando and Tampa market in recent years, closing on 7 properties or 2,400 units in the past twelve months.

About Michaelson

Michaelson Real Estate Group is an entrepreneurial driven, full service apartment management and investment firm that provides a diversified range of real estate services including: property management, leasing and marketing, and investment. Michaelson specializes in enhancing multifamily values by utilizing its core marketing, management and repositioning capabilities. The principal is a seasoned real estate executive and entrepreneur that has over 30 years
of experience in the multifamily market including the development, construction, property management and advisory of over 100,000 multifamily units.

For further information please contact:

Michaelson Real Estate Group

Michael Moses | mmoses@michaelsongroup.com

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