Key Vista, a 328-unit Tampa multifamily community with an affordable housing component has been acquired by Strategic Realty Capital for $12.1 million. The property encompasses 14 two- and three-story residential buildings and was completed in two phases. Phase I, located at 1811 Tinsley Circle, was built in 1974 and features 156 market-rate units. Phase II, located at 12535 Tinsley Circle and formerly known as Carlisle Lakes Apartments, was built in 1999 and has 172 units. The sale was dependent upon a $6.8m acquisition and development loan in the amount of $6.8 million held by Greystone Servicing Corp. Marcus & Millichap Tampa’s office represented the seller, Huijun Yang. “The property features both conventional market-rate apartments and units that operate under the Section 42 Low Income Housing Tax Credit (LIHTC) program,” said Michael Regan, Marcus & Millichap.
