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Passco Pays $49.7M for Pearce at Pavilion Property on Pavilion Palms

250 Units Trade in Riverview
June 21, 2017
PASSCO Companies LLC acquired the 250-Unit Pearce at Pavilion apartments at 3603 Pavilion Palms Cir. in Riverview, FL for $49.7 million, or about $199,000 per unit, from Mattoni Group and Adler Realty Services LLC.

The 200,000-square-foot multifamily community consists of one-, two- and three-bedroom units in seven buildings. It was built in 2016 in the Outer Southeast Tampa MF submarket.

Jonathan Barclay of JBM Institutional Multifamily Advisors represented the seller.

Please see CoStar COMPS #3918033 for more information on this transaction.
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