July 6, 2022

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Franklin Avenue Provides 982-Unit Tampa Multifamily Group Owned by ZMR Capital to Property Administration Portfolio

Skye Reserve is the second largest condo property in Tampa Bay

TAMPA, FL (April 13, 2022) — Franklin Avenue is happy to welcome Skye Reserve, a 982-unit multifamily group to its portfolio of managed properties. The group, positioned within the Tampa suburb of Brandon, is now the biggest multifamily asset underneath Franklin Avenue’s administration.

Franklin Avenue will work intently with ZMR Capital to implement important upgrades to reinforce the standard and worth of the 1991-built property.

“We look ahead to persevering with our nice partnership with ZMR Capital and dealing with them to maximise the worth of this property,” mentioned Clint Miller, VP of Operations with Franklin Avenue’s property administration division. “Because the Tampa Bay space continues to expertise such robust inhabitants development and demand for renters, Skye Reserve is nicely positioned for fulfillment, particularly with the enhancements we’ve got deliberate.”

Renovations will embrace repainting all exteriors, resurfacing the group’s three swimming pools, including barbeque stations and pergolas to pool areas and changing the tennis courts to a canine park and sports activities courtroom to raised serve residents. Inside upgrades will embrace new subway tile backsplashes, quartz counter tops and stainless-steel home equipment in all kitchens, in addition to LED lighting and vinyl plank flooring. Additional, all items can be geared up with washer and dryer units and all balconies can be screened in.

Along with the upgraded swimming pools and future canine park / sports activities courtroom, facilities at Skye Reserve embrace a clubhouse with a espresso station, sport and health club.

“Skye Reserve is an thrilling addition to our rising portfolio within the Tampa market,” mentioned Chip Gates, Vice President with ZMR. “Partnering with Franklin Avenue has already introduced nice returns on our present portfolio, and we look ahead to continued success with this new challenge.”

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The group options one-, two- and three-bedroom floorplans starting from 630 to 1,200 sq. toes. The property is positioned at 1918 Plantation Key Circle with handy entry to Interstate 75, which supplies a fast commute to downtown Tampa.

Franklin Avenue’s Matthew Lopez, Regional Property Supervisor, will lead a 19-member property administration staff on the group.

About Franklin Avenue:

Based in 2006 throughout one of many hardest actual property climates, Franklin Avenue centered on delivering value-added options to fulfill the evolving wants of shoppers. By a collaborative philosophy of leveraging the sources, experience and expertise of every of its strains of enterprise, Franklin Avenue has grown to incorporate seven enterprise divisions – Funding Gross sales, Tenant and Landlord Illustration, Capital Advisory, Insurance coverage, Property Administration and Undertaking Administration. With $7 billion in transaction worth throughout all main product sorts, Franklin Avenue affords unmatched worth and optimum options for shoppers nationwide. Headquartered in Tampa, Fla., the corporate has places of work in Fort Lauderdale, Jacksonville, Miami, Orlando, Atlanta and Chicago. Study extra about Franklin Avenue at FranklinSt.com.