ZMR Capital has acquired the 982-unit Reserve at Brandon, one of the largest multifamily communities in Tampa Bay, Fla., in an off-market transaction. A sales price was not disclosed.
Located at 1918 Plantation Key Circle, Reserve at Brandon is ZMR’s third multifamily acquisition in the Bandon submarket in the past five months. The 62-acre community, which will be rebranded as Skye Reserve, is within a half mile of the 160-unit Brandon Oaks and 125-unit Palms at Paradise, two adjacent properties acquired by ZMR in December 2021.
“We will continue to pursue value-add opportunities, regardless of size, in markets exhibiting strong multifamily fundamentals throughout the country, with a concentrated focus on the Southeast, where we plan to invest approximately $1 billion in the next 24 to 36 months,” said Zamir Kazi, ZMR CEO. “Competition for assets continues to escalate in Florida, but as a local investor, we're seeing that our extensive network of contacts and r
