Tampa Heights changes hands for $22.2 million

 DEAL – Tampa Heights community changes hands for $22.2 million

More coverage from Multihousing News, as we were featured in their “Tampa Multifamily Wrap-Up – November 2020” article. The West River Flats apartments consist of 13 two-story buildings and the unit mix features one- to three-bedroom floorplans.

We’re very happy for all the recent coverage and would like to give a big thanks to all parties involved. We hope to expand in the future and continue to improve on existing investments. If you’re interested in reading more of the article please click here.

Otto Investment Closes on West River Flats

In the middle of the 2020 Covid-19 Pandemic, we were happy to have had a successful purchase of the West River Flats apartment complex and make headlines as “Tampa investors sell off West River Flats for more than $22 million.” A big congratulations to everyone involved as Bizjournals called it a “near-record for a 1960s-built apartment community” and that it “speaks to the transformation of West Tampa.”

 

We hope to continue to expand and improve on Hillsborough County’s major city of Tampa. Thank you to everyone who contributed in making this sale possible. Please click here, if you’re interested in reading the full article on the sale.

Otto Investment Group Closes!

Amidst the 2020 Coronavirus Pandemic, we were able to close this 126-unit Portfolio in St. Petersburg, FL. We’re looking forward to doing the most that we can for these properties and continue to provide safe and enjoyable living conditions for residents. We’d like to say congratulations to all parties involved. 

The properties are located at 2026 4th St. South, 2800 4th St. South, 2729 4th St. South, 674 22nd Ave. South, 2410 4th St. South, 1101 16th St. South and 2624 4th St. South. The property featured in the image above is the 2026 Old Southeast Apartments. If you’d like to read more from the original article done by Florida & Coast Gulf News please click here.