S2 Capital acquires multifamily community in Tampa, surpasses 50,000 units acquired
S2 Capital has acquired Amberly Place, a 1989-vintage, 770-unit, garden-style multifamily apartment community in Tampa, Fla. With this transaction, S2 has now acquired more than 50,000 units since inception in 2012. Terms of the transaction were not disclosed.
The property was acquired off-market through a deal arranged by Shelton Granade of commercial real estate brokerage firm Institutional Property Advisors (IPA). IPA’s Harry Krieger assisted S2 in securing Freddie Mac financing. S2 acquired the asset on behalf of its value-added fund, S2 Real Estate Fund II, along with two institutional co-investors, including an overseas group based in London.
