CF Real Estate Services Awarded Management of 484-Unit Multifamily Property in Tampa

Royal Imperial Group of Chicago purchases Tampa based asset and awards management to CF Real Estate Services

ATLANTA, G.A.-CF Real Estate Services (CF), a leader in the investment, development, and management of multifamily properties across the country, has been awarded property management of the 484-unit Moncler Isles by the purchaser a unit of Royal Imperial Group of Chicago. Upon the completion of the sale, Moncler Isles was rebranded as Atwater at Westchase. The asset, located at 6158 Beacon Isles Drive Tampa, FL, is a high-demand location in Tampa’s sought-after Westchase neighborhood. The property’s location offers superior connectivity to all of Tampa’s major economic drivers. Westchase is one of Tampa’s prime locations and offers connectivity to Downtown Tampa CBD, University of South Florida, Citrus Park, Westshore Business District, and MacDill Air Force Base.

“The new addition of Atwater at Westchase to the CF portfolio complements our strategy of managing high-quality assets in rapid-growth markets. According to Bloomberg, the Tampa market has consistently been ranked top in the Southeast for net migration and is ranked third in the Southeast for 10-year job growth in the United States. Continued growth in this market, places us at an advantage and allows us to expand our footprint in the Florida marketplace,” states Brett Finkelstein, CEO, of CF.

Atwater at Westchase presents a unique value-add opportunity; the renovation scope includes upgraded appliances, the addition of in-unit microwaves and washers/dryers, countertops, upgraded lighting package, and new flooring throughout. Additional amenity enhancements include the expansion of the two Club Houses, Fitness Center, Summer kitchen/fire pits the addition of a Business Center, and a new Pet Park. Atwater at Westchase offers studios, one-bedrooms, and two-bedroom apartments and spans more than 27 acres.

CF Real Estate Services (CF) is an award-winning, multifamily real estate company with properties across the Southeast, Mid-Atlantic, Central, and Midwest regions of the United States. With decades of industry experience, the company has evolved into a leading provider of multifamily services that include property management, asset management, and consulting.

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