Triton North has announced the successful acquisition of Heritage Cove Apartments, a 90-unit apartment complex located in the fast-paced growing submarket of Temple Terrace in Tampa, Florida. “We remain expanding our portfolio in key markets while passionately believing in doing things right. We are excited to be fielding so much interest in our business model and look forward to keep providing the best of services to our residents and to our investors to create and preserve wealth.”
The property is centrally located within minutes distance from a large concentration of Hospitals, the recently inaugurated Amazon fulfillment Center, Bush Gardens, Yuengling, and the University of South Florida, one of the largest schools in the nation.
The acquisition is part of the group’s expansion strategy set to acquire 1,200 multifamily units by 2022.
“This is Triton North second acquisition this year, which shows our continued confidence in value-add multifamily fundamentals, the strength of our business, talented team, and our eagerness to grow our portfolio,” states Ricardo Ciliberto, Managing Partner, and head of the multifamily arm of Triton North. “Tampa has become one of the nations´ fastest-growing market concentrating major employment hubs demanding more and better housing alternatives. We are excited to further expand our presence in this key market and enhance the living experience of our residents.” He added.
About Triton North
TRITON NORTH is a private Miami based full service real estate investment and development firm with focus on cash flowing multifamily assets, as well as ground up residential developments in highly demanded primary and secondary markets throughout Florida and the Southeast.
