Marcus & Millichap arranged the sale of the Wynnton Portfolio, a four-property apartment portfolio with locations in the Tampa, Fla., area.

The total value of the transaction was approximately $45.3 million.

Georgia-based H&G Partnership sold the property to Woodland Group of South Florida Inc.

The four-property portfolio is comprised of 846 units and 857,112 square feet situated on 70 acres. Each property has a unit mix averaging nearly 1,000 square feet or above. The properties were constructed in the late 1960s and early 1970s of concrete block. New third-party management was recently put in place.

The four properties in the sale included the 304-unit The Grandview Apartments, located at 305 Glades Circle in Largo; the 304-unit Palm View Apartments at 2680 54th Ave. S. in St. Petersburg; Granada Apartments, a 112-unit community located at 7015 N. 56th St. in Tampa; and the 126-unit Plantation Apartments at 10605 N. 56th St. in Temple Terrace.

Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage.

***

What’s your opinion? Send your Letter to the Editor to opinion@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
He left Real Geeks and then came back. Why?Watch Now×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription