Federal Capital Partners has acquired its second multifamily acquisition in Florida in the last 90 days with the purchase of Belara Lakes in Tampa. The $22.4 million asset is located at 8402 North Waterford Avenue and features 324 units along with two swimming pools, a community lake, a fitness center, picnic area and playground. Federal Capital Partners, based in Chevy Chase, MD, has retained Tampa firm Avesta to manage the property. “FCP is excited to make its first equity investment in a multifamily acquisition in Florida with the purchase of Belara Lakes,” said FCP Vice President, Jason Ward. “The acquisition of this well-located Tampa community is consistent with FCP’s strategy of investing in quality multifamily communities that appeal to a broad range of residents.”
