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imgclub int
imgclub lake

Partial acquisition of fractured condo community in Tampa's Town and Country neighborhood.

Investment Highlights

  • Business plan called to acquire additional units from third-party owners through combination of auctions, short sales
  • Renovation of clubhouse and amenity areas to better compete within submarket
  • StoneBridge was ultimately able to buy back nearly 99% of the condominiums and revert the project to an apartment community
  • Sold to a private investor in 2012