Colorado developer buys Westchase apartments for $52.8M

TAMPA -- Viera at Westchase, a 330-unit apartment complex in western Hillsborough County, has sold to a Colorado company for $52.8 million.

The sale represents $160,000 a unit on a complex that just changed hands three years ago for $39.8 million. Back then, it was Branch Creek Multifamily Partners, an affiliate of Covenant Capital Group in Nashville, that made the deal.

FREG Viera Westchase LP was the buyer this time around, according to county property records. It's affiliated with Forum Real Estate Group in Denver, and according to its website, is the company's only property holding in Florida.