Charleston Landings & Charleston Edge represent TruAmerica’s 12th investment in the Tampa MSA. The Property benefits from a prime location within the Brandon submarket, with direct access to I-75 and Selmon Expressway, providing a short commute to major employment centers in market like Downtown Tampa and the Westshore Business District. The Westshore Business District is Tampa Bay’s largest employment center with more than 4,000 businesses, offering proximity to the finest shopping, dining, as well as sports & entertainment that Tampa Bay has to offer. The Southeast Tampa Submarket is home to several major financial and insurance companies along the Interstate 75 corridor, including Citigroup, USAA, JPMorgan Chase, and Ford Motor Credit Company.
The 372-unit property was built in two phases, Charleston Landings in 1986 and Charleston Edge in 2016. The Property features one, two, and three-bedroom floorplans with patios and balconies. Charleston Edge is comprised of 72 homes featuring a modern finish level which will require minor upgrades. Charleston Landings is comprised of 300 homes featuring a more dated finish level; as such TruAmerica will upgrade all 372 homes across both phases to a cohesive modern finish level to include upgraded cabinetry, stainless steel appliances and microwave, quartz countertops with undermount sink, vinyl plank flooring, tile backsplash in the kitchen, and upgraded fixtures and hardware.
In addition to interior renovations, TruAmerica plans to renovate the amenities including an interior renovation of the clubhouse, upgrades to both fitness centers, upgrades to both pools, addition of a dog park, as well as aesthetic upgrades including exterior paint and landscaping.