Carter Multifamily intends to execute a value-add strategy which will include operational improvements, upgrades to community amenities, interior unit renovations, and exterior building improvements. With the capital improvements planned for this property paired with our confidence in Tampa's potential to drive demand for high-quality, affordable apartments, we believe Mode at Ballast Point will be an accretive addition to our value-add real estate portfolio," said Ray Hutchinson, chief investment officer of Carter Multifamily.Īmenities at Mode Ballast Point include: a resort-style pool, private lake and park, an on-site pet park and is minutes from a waterfront walking/biking path along Bayshore Boulevard. Mode at Ballast Point is situated in the highly sought-after South Tampa area near major employers, entertainment, and outdoor amenities, making it a desirable location for work and play. "We are thrilled to expand our presence into Tampa an attractive multifamily market due to its favorable renter demographics, desirable climate, and growing economy. Bureau of Labor Statistics, Tampa metro employment grew 4.3% year-over-year as of May 2023 the second fastest among large metros and surpassing Florida 3.6%) as well as the national employment growth rate (2.6%).
On 21.51 acres and spanning 218,592 net rentable square feet, Mode at Ballast Point boasts a strategic location in close proximity to prime retail and job hubs, prominent healthcare institutions, business parks, and major employers in Tampa, including MacDill Air Force Base which employs over 19,000 personnel1 and is minutes away from the property.Īccording to the U.S. Carter Multifamily plans to reposition the 276-unit garden-style property, originally built in 1988 and formerly known as Solis at Ballast Point, under the new name "Mode at Ballast Point." MacDill Avenue in Tampa, Florida for $57.5 million. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.Īs a matter of policy, BBB does not endorse any product, service or business.TAMPA, FL - Carter Multifamily, a division of Carter Funds focused on acquiring and managing value-add multifamily real estate, has purchased Mode at Ballast Point located at 6306 S. All of these items point to the burgeoning commoditization of the necessities of. BBB Business Profiles are subject to change at any time. Sols 2016), as well as buttons, combs, and shoes (Escalante et al. When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.īBB Business Profiles generally cover a three-year reporting period. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles. See more of Solis at Ballast Point on Facebook. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. Happy December Solis Neighbors To kick the month off we will host Impasto Food Truck this Friday from 5-8pm.
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