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Downtown Tampa Apartment Complex Sells for Record Per Unit Price

CoStar Market Insights: Multifamily Investors Continue to Pour Money Into Tampa at Feverish Pace
Novel Riverwalk, a 394-unit apartment complex in downtown Tampa, sold for over $312,000 per unit. (CoStar)
Novel Riverwalk, a 394-unit apartment complex in downtown Tampa, sold for over $312,000 per unit. (CoStar)
By Brian Alford
CoStar Analytics
September 11, 2019 | 4:49 P.M.

Novel Riverwalk has sold for $123 million, or a little over $312,000 per unit, in a reflection of investor confidence in the Tampa multifamily sector.

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