12/10/2023 0 Comments Solis ballast pointConstructed in 1988 as a low-density community on 22 acres, IMG acquired Solis with a vision to reposition the unique property within a high-demand Tampa submarket. Colliers is ranked the number one property manager in the world by Commercial Property Executive for two years in a row.Ĭolliers is led by an experienced leadership team with significant equity ownership and a proven record of delivering more than 20% annualized returns for shareholders, over more than 20 years.įor the latest news from Colliers, visit or follow us on Twitter : and LinkedIn. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 13 consecutive years, more than any other real estate services firm. With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide, and through its investment management services platform, has more than $20 billion of assets under management from the world’s most respected institutional real estate investors.Ĭolliers professionals think differently, share great ideas and offer thoughtful and innovative advice to accelerate the success of its clients. Colliers is the fastest-growing publicly listed global real estate services and investment management company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). (NASDAQ: CIGI) (TSX: CIGI) is top tier global real estate services and investment management company operating in 69 countries with a workforce of more than 13,000 professionals. MacDill Ave., less than two miles from MacDill Air Force Base and seven miles from downtown Tampa.Ĭolliers International Group Inc. The community has a number of amenities, including a pool, clubhouse, covered parking and picnic areas, and is a half-mile from Bayshore Boulevard, which runners and bikers use for recreation along 4.5 waterfront miles. The 24-acre multifamily property consists of one- and two-bedroom apartments in a variety of sizes. "The asset is well positioned for a value-add program, and its proximity to local demand drivers make it a unique opportunity in the market." "This was a win-win for both buyer and seller," said Colliers’ Brown. IMG currently owns another multifamily asset nearby in Clearwater, Florida. The East Region Multifamily Advisory Group utilized its extensive platform covering 26 states to source the buyer to the off-market property. The financing for the project was handled by Colliers’ Donald Jennewein and Nathan Lynch of the Capital Markets team. The buyer, Investors Management Group (IMG), plans to do significant interior and exterior renovations to the property and rename it Solis at Ballast Point.Ĭraig Brown, Senior Associate, and Will Mathews, Senior Vice President and Principal, both with Colliers International’s East Region Multifamily Advisory Group, represented the seller, Pavillion Management Group. This is the first time the property has sold since it was built in 1990. (August 15, 2018) – The Pavillions at Ballast Point, a 276-unit, 19-building apartment community in South Tampa, has sold for $40 million. The 276-unit Pavillions at Ballast Point to be renamed Solis at Ballast Point
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