Federal Capital Partners has picked up a pair of apartment complexes in Tampa for a combined $21 million. Poplar Park Terrace, soon to be rebranded as The Flats at Seminole Heights on N. Poplar Avenue in the South Seminole Heights neighborhood features 165 apartments with amenities that include a swimming pool, 24-hour fitness center and covered parking. The second purchase, Fernwood Grove is located on N. MacDill Avenue in South Tampa, in close proximity to the Westshore and International Plaza Malls, The community’s 128 one and two bedroom apartments have undergone significant renovations, including a full upgrade of the community’s exterior and common area spaces. The acquisitions mark the second and third investments in Tampa in the past twelve months and come three months after the company launched a Florida office in Miami under the leadership of Bruce Gago.
FCP’s expansion in Florida reflects our confidence in its population and employment growth,” said FCP Vice President, Jason Ward. “These Tampa communities benefit from easy access to the city’s downtown, which continues its transformation into a 24-hour live-work-play environment.”
