Tampa senior living community sells for $38.5 million

Exterior view of Arbor Terrace Citrus Park, a senior living community in Tampa that sold for $38.5 million to an affiliate of Principal Real Estate Investors.

Arbor Terrace Citrus Park, a 139-unit senior living community in northwest Hillsborough County, has sold for $38.5 million to an affiliate of Principal Real Estate Investors. The community, at 13810 Sheldon Road, opened in 2018 and includes about 173,000 square feet across two four-story buildings on roughly nine acres. The seller was Citrus Park IL … Read more

Tampa sees one of nation’s biggest gains in rental affordability

Canopy at West River affordable housing building along Main Street in Tampa

The Tampa rental market is starting to give renters a little more room. The share of rental listings affordable to a median-income household in the Tampa metro area rose to 61.4% in May, up from 51.6% a year earlier, according to a Zillow analysis released Thursday. That was one of the largest gains among major … Read more