RK Properties, a sponsor of private placements and 1031 exchange offerings, has purchased Avli at Crosstown Center, a newly developed 236-unit multifamily property in Tampa, Florida. The property will be offered to accredited 1031 exchange and straight capital investors as a Delaware statutory trust offering. The purchase price was not disclosed by the company.
Avli at Crosstown Center is a four-story mid-rise property approximately 10 minutes from downtown Tampa. Amenities include kitchens with stainless steel appliances and granite countertops, Smart Home technology, beverage fridges, full-size washers and dryers, in-home alarm systems, and built-in closets, among others.
The property is within close proximity to a number of employers, including major banking and financial services companies such as Raymond James Financial, Franklin Templeton, J.P. Morgan Chase & Co., Citigroup, Capital One and USAA.
RK Properties has a 45-plus year track record, dating back to 1976, in the multifamily market. To date, the company has purchased and managed more than $1.5 billion in assets across the country.