Breaking Through: A Billion-Dollar Partnership
With the ink barely dry, JBM® Institutional Multifamily Advisors and Inland Real Estate Group have clinched their milestone deal, racking up over a billion dollars in transactions. The latest feather in their cap? The Preserve at Tampa Palms, a sprawling 378-unit jewel in the hotbed of New Tampa.
The Heart of The Deal
These guys have been at it since 2010, corralling 18 transactions across Tampa, Southwest Florida, and Orlando. That’s a whopping 5,100 units they've turned over, and this latest sale just cinches the monumental partnership they've built.
Built in 2002, The Preserve is more than your ordinary multifamily complex. Picture this: a community that caters to every need, from a resort-style pool to tennis and pickleball courts, a comprehensive gym, and even a dedicated dog park. Car trouble? They've got a car care center for that. Club Tampa Palms throws in extra perks like more pools and courts, serving up luxury living on a platinum platter.
Why New Tampa?
Let’s face it, location matters, and The Preserve has that in spades. Nestled in the universal appeal of New Tampa, with seamless connections to major roadways like I-75 and Bruce B. Downs Blvd., residents hardly have to break a sweat to get around. As if that's not tempting enough, families are flocking in droves thanks to "A" rated K-8 schools and jobs galore at Highwoods Preserve Corporate Campus just down the road.
"When you think about prime real estate, New Tampa is tough to beat," says a local expert whose pulse on the market is as steady as ever.
Housing options are diverse, with apartment units featuring one to three bedrooms, averaging around 1,146 square feet. Nearly 18% of units offer direct garage access, a nifty touch for folks who like their ride close by, especially in the Sunshine State's sweltering heat.
The Value-Add Proposition
Now, these aren't just any old bricks and mortar. This gig is styled as a value-add opportunity—those magic words for anyone with a penchant for flipping with flair. Some of these units have existing upgrades showing potential to ramp up value without needing a complete overhaul. Investors had best have their calculators ready, because this is a playground with plenty of upside.
JBM®: The Titans of Boutique Brokerage
JBM® sits at the summit of the boutique brokerage mountain, and for good reason. Take it from Green Street’s 2025 rankings. JBM®'s the king when it comes to the highest average sold price per transaction in the multifamily arena across the U.S. It’s no wonder they’ve built up an empire with $20+ billion in lifetime transactions and over 176,000 units.
Whether it's breaking the billion-dollar barrier or shaping the real estate contours of Florida, JBM® and Inland have shown they know how to play the game. Keep those eyes peeled—there's bound to be more brewing beneath the surface.
