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Continental Realty Corp. has acquired the Henley Tampa Palms community from 29th Street Capital for $82 million. This marks CRC’s second multifamily purchase in Tampa and the first under its new Value-Add Multifamily Fund I, LP, a closed-end private equity fund sponsored by the company.

Located at 15350 Amberly Dr. near Tampa, the two-story property was delivered in 1997. It features 315 units and was 94 percent leased at the time of the transaction.