Starwood Sells 344-unit, Bridges at Crosstown, in Tampa for $76M ($221k/unit) to Bridge Investment Group

  • 2/25/2025

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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.

Bridge Investment Group (NYSE: BRDG)
Colin Apple, CFA | Sr Managing Director, Co-CIO, Multifamily
Starwood Capital Group (NYSE: STWD)
Zachary Tanenbaum | Managing Director & Head of Investor Strategy
Starwood Capital Group (NYSE: STWD)
Andres Panza | Managing Director, Asset Management

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