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
