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Apartment REIT Adds Luxury Tampa Community to Portfolio

Buys Property in All-Cash Deal After Providing Financing for Project's Development
The 392-unit Altis Wiregrass Ranch was completed in 2018. (Preferred Apartment Communities)<br/>
The 392-unit Altis Wiregrass Ranch was completed in 2018. (Preferred Apartment Communities)
By James Regoord
CoStar Research
April 6, 2020 | 6:48 P.M.

Atlanta-based real estate investment trust Preferred Apartment Communities announced the recent acquisition of Altis Wiregrass Ranch, a 392-unit luxury apartment community located in Wireglass Ranch, a suburban master-planned community northeast of Tampa, Florida.

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News | Apartment REIT Adds Luxury Tampa Community to Portfolio