Electra America spends $850 million in 2017

Tampa-based Electra America invested $850 million last year to bolster its multifamily rental portfolio by more than 6,300 units in Florida, Georgia, North Carolina and Texas.

In all, the acquisition of the 18 complexes — together with the disposition of several that generated roughly $250 million — brings the total value of the company's portfolio to roughly $3.5 billion.

Among the Gulf Coast communities the firm added in 2018 were the 264-unit Avana, and Northgreen at Carrollwood, a 438-unit community, both in Tampa.