Sunstone Acquires Second Tampa Property
– Sunstone Palms

Sunstone Acquires Second Tampa Property
– Sunstone Palms

Sunstone Properties Trust acquired Sunstone Palms, a 536-unit property located at 12702 University Club Drive in Tampa, FL with exceptional amenities including two pools, a state-of-the-art fitness center, BBQ, playground, and picnic area as well as two pet parks. The property is strategically located near the University of South Florida, the James Haley Veteran’s Hospital, Shriner’s Healthcare, Busch Gardens and other employment, retail and entertainment centers.
Sunstone will be focusing on interior renovations to upgrade flooring, new granite countertops in kitchen and bathrooms, new appliances and cabinets. The property was purchased from RADCO Companies for $59 million. With the acquisition of Sunstone Palms, Sunstone will own and manage nearly 1000 units in the Tampa Bay area.