320-UNIT MULTIFAMILY COMMUNITY ACQUIRED IN TAMPA, FLA.

TAMPA, FLA. — First Market Properties has acquired Canterbury Apartments in Tampa after purchasing the property's mortgage from a national bank. Located near Interstate 275 in Tampa, the 320-unit garden apartment community was built in 1973. The acquired loan had a balance of approximately $8.5 million. Newport Property Ventures took over property management in mid-2010.