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Aspire at Gateway

Pinellas Park, FL

Investment Highlights

Aspire at Gateway represents TruAmerica’s seventh investment in Pinellas County, bringing TruAmerica’s portfolio in the Tampa MSA over 2,000 apartments. This gated community has exceptional visibility of more than 63,000 cars per day and is just minutes from major employment centers including The Gateway Business District (60K employees), St. Petersburg/ Clearwater International Airport, Downtown Clearwater (#1 Beach in the U.S), Downtown St. Petersburg and Westshore Business District (102k employees).

TruAmerica plans to all 236 classics and 93 partially renovated homes to a consistent, higher-end finish level and make select, accretive upgrades to the exteriors and amenity spaces

Property Highlights

Built in 2001 of concrete block construction, the 329-unit property features 1-, 2- and 3-bedrooms with the largest floor plans in the submarket (1,046 s.f.). All homes feature 9’ ceilings, in-unit washer and dryer machines, and patios or balconies. While current ownership has partially upgraded 93 apartments, the opportunity remains to bring all 329 units to a consistent full renovation. Upgrades to the apartment interiors in the classic and partially renovated homes will include stainless-steel appliances, vinyl flooring, quartz countertops, new white-shaker cabinet fronts, tile backsplash, and upgraded plumbing and lighting fixtures.

Potential amenity enhancements and upgrades include exterior paint, signage improvements, dog park refresh, new pool furnishings as well as improving the landscaping around the property.

Community & Unit Amenities

  • Pool with hot tub
  • Remodeled fitness center
  • Tennis court
  • Carports and garages
  • Sand volleyball court
  • Dog park
  • 9-Foot ceilings in all units
  • Private patios & balconies in all units
  • Washer and dryer in all units
PROPERTY CONTACT: (727) 758-4332
UNITS
329
AVERAGE SF
1046
ACQUIRED
01/14/2021
10100 Santa Monica Blvd, Suite 400
Los Angeles, CA 90067
(424) 325-2750
TruAmerica Multifamily is a Los Angeles-based investment firm focused on acquiring, renovating, and managing multifamily housing throughout the United States.
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