The Pointe on Westshore, a 444-unit apartment community in South Tampa that sold for $134 million in April 2024, is back on the market roughly two and a half years after Tampa-based American Landmark Apartments acquired the property.
JBM Institutional Multifamily Advisors announced the listing Nov. 10, with offers due Nov. 12. The brokerage did not disclose an asking price for the community at 4950 W. Prescott St., which was completed in 2022 near West Gandy Boulevard and the Lee Roy Selmon Expressway.
American Landmark purchased The Pointe from Index Investment Group for approximately $302,000 per apartment, according to property records and commercial real estate transaction data. Index, which developed the community, retained a limited-partner interest following the sale, the company announced at the time.
The property has a substantial financing history. In 2021, before construction was completed, Meridian Capital Group arranged a $103 million refinancing on behalf of Index, replacing its construction loan and allowing the developer to recover its invested equity. The original development plans called for 444 apartments across 27 buildings, although Index described the completed community as having 20 buildings when it announced the 2024 sale.
The latest listing comes as South Tampa’s apartment market continues to absorb new construction. Stabilized occupancy stood at 87.1% during the third quarter of 2026, compared with 91.6% across the broader Tampa Bay market, according to Cushman & Wakefield. South Tampa’s average effective rent reached $2,116 per month, up 0.3% from a year earlier, even as rents across Hillsborough County declined 2.3%.
South Tampa absorbed 528 apartments through the first nine months of the year, exceeding the 324 units delivered during that period, with another 275 under construction. Across the broader Tampa Bay market, apartment properties sold for an average of $234,000 per unit during the third quarter, below The Pointe’s previous transaction price, although that comparison includes buildings of different ages and classes.
The Pointe occupies approximately 19.41 acres, according to JBM’s latest listing, and contains one-, two- and three-bedroom apartments averaging 1,067 square feet. The community has two heated swimming pools, rooftop lounges overlooking Tampa Bay and the downtown skylines of Tampa and St. Petersburg, and outdoor fitness areas. MacDill Air Force Base is approximately a mile away.
JBM is also marketing the 250-unit Casa Bella on Westshore, a separate South Tampa apartment community built in 2007. The firm announced that listing Oct. 19, bringing the combined number of apartments marketed across the two properties to 694.