U.S. Taurus Investment buys $59 mln garden-style community in Fla

U.S. real estate owner and developer Preston-Giuliano Capital Partners has closed on the sale of Mezzo of Tampa Palms, a garden-style community in Tampa, Florida, for $59 million.

Located at 15210 Amberly Drive, the asset, with facilities including a 7,000-square-foot clubhouse, fitness center, two pools and walking and jogging trails, sits on the northwest side of Bruce B. Downs Boulevard.

Preston-Giuliano sold the 340-unit community, which was over 95 percent occupied at the time of sale, to Boston-based real estate investor Taurus Investment Holdings at $173,529 per unit.

Additionally, the property consists of 20 residential buildings of three stories, with a mix of one-, two- and three-bedroom units. The deal boosts Taurus’ multifamily portfolio to circa 3,300 units.