Ram Acquires 327-Unit Apartment Community in Downtown St. Petersburg, Florida

by John Nelson

ST. PETERSBURG, FLA. — An affiliate of Ram Realty Partners VII has purchased Beacon 430, a 327-unit apartment community located on a 4.3-acre site in downtown St. Petersburg. The four-story property was delivered in 2014. The seller and sales price were not disclosed.

Ram plans to implement a value-add program at Beacon 430 focused on operational enhancements, common area/amenity improvements and select unit interior upgrades.

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