{"id":2436,"date":"2021-10-20T09:45:11","date_gmt":"2021-10-20T14:45:11","guid":{"rendered":"https:\/\/bayshoreinv.com\/acquires-willow-lake-crossing-copy\/"},"modified":"2022-09-01T01:17:05","modified_gmt":"2022-09-01T01:17:05","slug":"bip-acquires-westwood-creekbridge-crossing","status":"publish","type":"post","link":"https:\/\/entusiasmototal.com\/bayshore\/2021\/10\/20\/bip-acquires-westwood-creekbridge-crossing\/","title":{"rendered":"BIP Acquires: Westwood and Creekbridge Crossing Apartments"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2436\" class=\"elementor elementor-2436\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-17a8f6aa elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"17a8f6aa\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-17686ed2\" data-id=\"17686ed2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4a7ac85 elementor-widget elementor-widget-image\" data-id=\"4a7ac85\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.7.0 - 08-08-2022 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"374\" src=\"https:\/\/entusiasmototal.com\/bayshore\/wp-content\/uploads\/2021\/10\/Bayshore-Investment-Partners-Westwood-CreekBridge-2-1024x374-1.jpg\" class=\"attachment-full size-full\" alt=\"\" srcset=\"https:\/\/entusiasmototal.com\/bayshore\/wp-content\/uploads\/2021\/10\/Bayshore-Investment-Partners-Westwood-CreekBridge-2-1024x374-1.jpg 1024w, https:\/\/entusiasmototal.com\/bayshore\/wp-content\/uploads\/2021\/10\/Bayshore-Investment-Partners-Westwood-CreekBridge-2-1024x374-1-300x110.jpg 300w, https:\/\/entusiasmototal.com\/bayshore\/wp-content\/uploads\/2021\/10\/Bayshore-Investment-Partners-Westwood-CreekBridge-2-1024x374-1-768x281.jpg 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-181aefed elementor-widget elementor-widget-text-editor\" data-id=\"181aefed\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.7.0 - 08-08-2022 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#818a91;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#818a91;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Bayshore Investment Partners (\u201cBIP\u201d) is pleased to announce the recent acquisitions of Avenue @ Creekbridge, a 112-unit apartment community developed in 1987 and Westwood @ 60, an 88-unit apartment community developed in 1986. Both assets are located in Brandon, Florida, a strong rental submarket of the Tampa metropolitan area. The properties will be rebranded to Creekbridge Crossing Apartments and Westwood Crossing Apartments, while increasing BIP\u2019s \u201cCrossing\u201d branded Tampa MSA portfolio to four communities with approximately 550 units.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The acquisition of Westwood and Creekbridge represents the \u001frst two assets acquired by BIP\u2019s \u001frst fund, BIP Multifamily Fund I, LP. The fund is focused on 100 to 250 unit apartment communities, 1980s or newer in Florida, Atlanta, Raleigh and Charlotte, with +$32M in commitments raised for its \u001frst closing (including co-invest vehicles). BIP Multifamily Fund I, LP will have a second and \u001fnal fund closing prior to year-end.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>We would like to thank the Polsinelli team of Kimberlie Pearlman and Nataly Yosef, for representing BIP as well as the Berkadia team of Brad Williamson, Mitch Sinberg and Kyle Ryan for arranging \u001fnancing. Finally, we would like to extend our gratitude to Ryan Moody and Patrick Dufour from Newmark who represented the seller in this transaction. Both properties will be managed by BIP\u2019s sister company, Cynergy Property Management .<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>BIP is a Miami-based real estate investment and management \u001frm that was formed in 2010 to acquire and operate multifamily and commercial properties. Today, BIP acquires apartments, retail centers, and industrial \u001eex assets. BIP has acquired \u001ffteen apartment communities with over 2,000 units since inception and an additional 170,000 square feet of retail and industrial \u001eex assets comprising over $300 million in acquisition value. Combined, the principals have acquired and\/or managed over $4 billion of real estate assets nationwide during their careers. For more information, please visit <a href=\"http:\/\/www.bayshoreinv.com\">www.bayshoreinv.com<\/a>.<\/p>\n<!-- \/wp:paragraph -->\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-78e1f79 elementor-widget elementor-widget-image\" data-id=\"78e1f79\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"433\" src=\"https:\/\/entusiasmototal.com\/bayshore\/wp-content\/uploads\/2021\/10\/Bayshore-Investment-Partners-Westwood-Crossing-8-1024x433-1.jpg\" class=\"attachment-full size-full\" alt=\"\" srcset=\"https:\/\/entusiasmototal.com\/bayshore\/wp-content\/uploads\/2021\/10\/Bayshore-Investment-Partners-Westwood-Crossing-8-1024x433-1.jpg 1024w, https:\/\/entusiasmototal.com\/bayshore\/wp-content\/uploads\/2021\/10\/Bayshore-Investment-Partners-Westwood-Crossing-8-1024x433-1-300x127.jpg 300w, https:\/\/entusiasmototal.com\/bayshore\/wp-content\/uploads\/2021\/10\/Bayshore-Investment-Partners-Westwood-Crossing-8-1024x433-1-768x325.jpg 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Bayshore Investment Partners (\u201cBIP\u201d) is pleased to announce the recent acquisitions of Avenue @ Creekbridge, a 112-unit apartment community developed in 1987 and Westwood @ 60, an 88-unit apartment community developed in 1986. Both assets are located in Brandon, Florida, a strong rental submarket of the Tampa metropolitan area. The properties will be rebranded to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2794,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[17,19],"class_list":["post-2436","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-acquires","tag-bayshore-investment-partners","tag-westwood-crossing-apartments"],"_links":{"self":[{"href":"https:\/\/entusiasmototal.com\/bayshore\/wp-json\/wp\/v2\/posts\/2436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entusiasmototal.com\/bayshore\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entusiasmototal.com\/bayshore\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entusiasmototal.com\/bayshore\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/entusiasmototal.com\/bayshore\/wp-json\/wp\/v2\/comments?post=2436"}],"version-history":[{"count":7,"href":"https:\/\/entusiasmototal.com\/bayshore\/wp-json\/wp\/v2\/posts\/2436\/revisions"}],"predecessor-version":[{"id":2814,"href":"https:\/\/entusiasmototal.com\/bayshore\/wp-json\/wp\/v2\/posts\/2436\/revisions\/2814"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entusiasmototal.com\/bayshore\/wp-json\/wp\/v2\/media\/2794"}],"wp:attachment":[{"href":"https:\/\/entusiasmototal.com\/bayshore\/wp-json\/wp\/v2\/media?parent=2436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entusiasmototal.com\/bayshore\/wp-json\/wp\/v2\/categories?post=2436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entusiasmototal.com\/bayshore\/wp-json\/wp\/v2\/tags?post=2436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}