The Novel Midtown Tampa Apartments Sold For Over $600,000 Per Door

By Jay Wittner May 25, 2022

The 390 unit Novel Midtown Tampa apartment community sold for $236 million. This sale came to $606,000 per door, a record for Tampa. The sellers were Crescent Communities, PGIM Real Estate, and Bromley Cos. & the buyer was CBRE Investment Management. The community, which opened last year, is at the intersection of North Dale Mabry & I275. The address is 3730 Midtown Dr. #cre #multifamily #Tampa