PIERHOUSE is a 356 unit class A apartment project located in the heart of the Channel District in downtown Tampa. We represented The Related Group’s Related Development division on the identification of an infill multifamily site in the downtown Tampa CBD for their first apartment development project on the Gulfcoast of Florida. Successfully negotiated the sales contract of this REO asset in addition to assisting in due diligence and underwriting including providing development pipeline reports, rent comparables and sales comparables of other development sites and existing apartment projects throughout the region. The project ultimately sold for $76.5 million prior to stabilization.