Natixis Provides Acquisition Financing for M South Apartments, Tampa, Florida
Natixis has originated a floating rate loan to The Accend Companies for the acquisition of a new, Class A multi-family property, located at 5110 S. Manhattan Avenue in Tampa, Florida.
The newly constructed, garden-style multi-family property contains 288 units located in eight residential buildings with a mix of one-, two- and three-bedroom options. The common amenities include a clubhouse lounge, outdoor resort pool, outdoor kitchen and grilling area, bocce ball court, fire pit, detached garage parking and a dog run. M South is located approximately four miles from Downtown Tampa, accessible by the Selmon Expressway, and less than a mile from MacDill Air Force Base.
The Accend Companies, based in Chicago, Illinois, acquires, owns and operates a portfolio of multi-family properties near vital US military installations. They provide their tenants, military, corporate and private, a range of rental choices and lease flexibility.