UDR Inc. has sold Summit West Apartments, a 266-unit multifamily community in Temple Terrace, according to Hillsborough County property records.<\/p>\n
The property, at 11500 Summit West Blvd., traded to ARDG @ Summit West LLC in a deed recorded April 1.<\/p>\n
The buyer financed the acquisition with a $33.25 million loan from The Bancorp Bank, N.A., secured by the property and its leases and rents.<\/p>\n
READ MORE LOCAL NEWS<\/a><\/p>\n Built in 1972, the community is one of the larger apartment properties in Temple Terrace. Units range from one to three bedrooms.<\/p>\n The property sits about 2 miles from the University of South Florida.<\/p>\n ARDG Capital, a New York-based firm that acquires and repositions apartment and commercial properties, lists Summit West among its active investments. <\/p>\n A representative for ARDG did not respond to requests for comment. Plans for the property were not disclosed.<\/p>\n Stay Informed<\/p>\n \n Stay up to date on Tampa Bay<\/a> business<\/a> news<\/a>, executive profiles and the companies shaping the region.\n <\/p>\n \t\tPost navigation<\/p>\n","protected":false},"excerpt":{"rendered":"UDR Inc. has sold Summit West Apartments, a 266-unit multifamily community in Temple Terrace, according to Hillsborough County…\n","protected":false},"author":2,"featured_media":216193,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[135,137,136],"class_list":["post-216192","post","type-post","status-publish","format-standard","has-post-thumbnail","category-tampa","tag-tampa","tag-tampa-headlines","tag-tampa-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/216192","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=216192"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/216192\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/216193"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=216192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=216192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=216192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}