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Starwood Capital Group has sold Bridges at Crosstown, a 344-unit community in Tampa, Fla., according to Yardi Matrix. Bridge Investment Group paid $76.3 million for the rental property.
The new owner took out a $52 million, five-year Freddie Mac loan originated by Prudential Financial, the same source shows. Starwood had acquired the asset in 2021 from Centennial Holding Co., as part of a 16-community portfolio across six states.