Tampa, FL – July 2024 – Momentum Real Estate Partners, LLC (“Momentum”) proudly announces the acquisition of Azola South Tampa, a prestigious 214-unit, garden-style luxury community. This acquisition aligns with Momentum’s commitment to expanding its portfolio with high-quality properties in prime locations.
Mauricio Gruener, Co-President and Co-CEO of Momentum, shared his enthusiasm: “The acquisition of Azola South Tampa is a strategic step in our ongoing efforts to invest in thriving markets. This community exemplifies luxury living, and we are excited to elevate the resident experience in this exceptional property. Azola South Tampa’s prime location and the ongoing capital projects in the area make it a highly desirable asset.”
Developed by ZOM Living, Azola South Tampa offers a range of amenities and modern design features. The property includes one-bedroom apartments to three-bedroom townhomes, featuring high-end finishes like quartz countertops, luxury vinyl plank flooring, and energy-efficient stainless-steel appliances. Residents enjoy an expansive poolside pavilion overlooking a zero-entry swimming pool, a designer clubhouse, a shaded dog park, a fully equipped fitness center, EV charging stations, and more.
Eduardo Gruener, Co-President and Co-CEO of Momentum, emphasized, “Azola South Tampa is positioned in a vibrant community that offers a high quality of life. This property represents a significant opportunity for us to continue our growth.”
Located minutes from MacDill Air Force Base and major employment centers such as the Westshore Business District, Downtown Tampa, and Downtown St. Petersburg, Azola South Tampa offers a prime location. Residents benefit from proximity to premier shopping and dining destinations, including Westshore Marina District, Hyde Park Village, and SoHo.
Momentum Real Estate Partners has been strategically acquiring multifamily assets across the Sun Belt since 2009, successfully completing 21 acquisitions to date. Recently, the company raised $140 million for its Fund IV, which currently includes three assets in Florida and Tennessee, totaling 679 apartment units, with additional acquisitions planned. Momentum continues to actively seek further opportunities for Fund IV and is preparing to initiate fundraising for Fund V in the coming year.
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About Momentum Real Estate Partners, LLC
Based in Miami, Florida, Momentum Real Estate Partners, LLC has established itself as a leading player in the real estate industry, with transaction volumes across major U.S. markets totaling $1.6 billion in property value. Since its founding, Momentum has acquired 21 projects, encompassing approximately 5,373 residential units across 15 dynamic cities. For more information, visit momentumrep.com.
Disclaimer: Investing carries significant risks. Past performance is not indicative of future results. This statement is neither an offer to buy or sell securities nor a recommendation. Kindly refer to our private placement memorandum for essential information and disclosures.
