Robbins Property Associates Expands in Florida Market With the Acquisition of Infinity Westshore in South Tampa
TAMPA, Fla. - December 16, 2021 - ( Newswire.com )
Robbins Property Associates (“RPA”), a Tampa-based vertically integrated multifamily owner and operator, has acquired Infinity Westshore Apartments. Newmark’s Vice Chairman Patrick Dufour, Director Andrew Visnick, Senior Associate Pibu Aulakh, and Associate Eric Gfesser represented the seller, TDC Properties, in the disposition to RPA.
The property, which was re-branded 4800 Westshore, is located in South Tampa, a highly desirable submarket of the Tampa Bay metro. 4800 Westshore is centrally located among Tampa Bay’s employment and entertainment hubs in Tampa Bay, including International Plaza, Tampa International Airport, downtown Tampa, the Westshore business district, downtown St. Petersburg, and MacDill Air Force Base.
“South Tampa is the most coveted submarket in Tampa Bay and in RPA’s backyard. 4800 Westshore is performing exceptionally well, benefiting from the recently completed Selmon Expressway extension, which facilitates uninterrupted transit between Brandon, downtown Tampa, and downtown St. Petersburg,” said Neal Herman, Managing Director of Investments at RPA. “The growing retail footprint in and around the Westshore Marina District development and Gandy Boulevard provides new restaurants, grocers, and nightlife.”
The 278-unit property features a mix of one (78%) bedroom and two (22%) bedroom floorplans. Completed in 1986, this community features an oversized swimming pool, pet park, fitness center with a yoga room, and a business center. Robbins Property Associate’s comprehensive value-add program will include upgrading unit interiors to include sleek quartz countertops in kitchens and baths, modern tile backsplashes, stainless-steel appliance packages, and wood plank flooring throughout.
Community amenity upgrades will highlight a complete renovation and expansion of the clubhouse and leasing center, an expanded 24-hour fitness center, landscaping improvements, and major enhancements to outdoor recreational areas.
Additionally, RPA will modernize the resort-style pool by adding new lounge furniture and updating the outdoor summer kitchen and dining pavilion.
“4800 Westshore’s residents will really appreciate the ability to live, work, and play within in all that Tampa has to offer,” said Kristi King, COO at RPA. “RPA is excited to own and operate in South Tampa and looks forward to further improving the quality and appeal of the property for years to come.”
ABOUT ROBBINS PROPERTY ASSOCIATES
Robbins Property Associates (RPA) is a vertically integrated real estate private equity firm that combines experienced and proven investment capability with a best-in-class team of real estate operations professionals. Founded in 2009 with the objective to provide superior resident service, it has become a leader in the multi-family housing investment and management industry. The company currently owns and operates 24 properties totaling over 6,300 units in Florida.
Headquartered in Tampa, FL and Boston, MA, Robbins Property Associates maintains the same determination towards excellence in employee satisfaction. They have been named a Top 100 Workplaces employer by the Tampa Bay Times seven times since 2013. The combined years of property management experience accumulated by their onsite and corporate staff provides RPA with its competitive edge, and it is why RPA is a leader in the property management industry. For more information about Robbins Property Associates, visit http://www.RobbinsPropertyLLC.com.
Robbins Property Associates contact:
Greer Hill, Director of Marketing
Robbins Property Associates
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