April 2, 2019

BlueGate Arranges the Sale of Bloomingdale Woods

BlueGate Partners and JBM® Institutional Multifamily Advisors as exclusive advisors and brokers, are pleased to announce the sale of Bloomingdale Woods totaling 224 units located in (Tampa Bay MSA) Valrico, Florida.

Investment Highlights

-Tremendous opportunity to continue a proven successful unit interior upgrade program to extend the economic life of the Property and capitalize on unit premium

-Stabilized asset with a consistent and strong operating history and high occupancy in a healthy rental submarket

-Well-maintained high-quality construction with attractive mature landscaping

-Diverse unit mix of one and two-bedroom units ranging in size from 760 to 1,055 square feet

-Impressive average household income of $102,414 within a three-mile radius of the Property, double the Tampa MSA and state average (based on SnapSite Demographic Data)