Inland Real Estate Acquisitions has closed on the purchase of the Circa at FishHawk Ranch, a Class A garden-style multi-housing community located in Lithia, Florida. The 260 unit community is located at 5881 Spector Road within the 4,100-acre FishHawk Ranch master planned community, which is approximately 20 miles southeast of downtown Tampa. Completed in November of 2015, the property features one-, two- and three-bedroom units. HFF represented the developer, a joint venture between North America Sekisui House, LLC (NASH) and Newland Communities.
“Suburbs like FishHawk Ranch have been particularly starved for new supply so properties like Circa are filling a void in the market for people who want to enjoy a high-quality, suburban lifestyle, but don’t need or want to own a 3,000-square-foot house,” said Matt Mitchell, managing director HFF. “In Tampa, these types of assets are attractive to investors because of strong fundamentals, job growth, an expanding population and a manageable supply pipeline.”
