Tampa’s Anchor Riverwalk apartments sell for $157 million

The downtown property’s buyer is a real estate investment firm based in Boston.
The Anchor Riverwalk apartments in Tampa have sold for $157 million.
The Anchor Riverwalk apartments in Tampa have sold for $157 million. [ RICHARD LUBRANT | The Connor Group ]
Published Aug. 18, 2021

An apartment complex on the north end of downtown Tampa has sold for $157 million.

The 394-unit Anchor Riverwalk apartments on W Fortune Street, between the Ashley Drive exit of Interstate 275 and the David A. Straz Jr. Center for the Performing Arts, sold on Aug. 13 to TA Realty, a Boston real estate investment firm, according to Hillsborough County records.

The property last sold in 2019 to Dayton, Ohio real estate investment firm the Connor Group for $123 million.

“We were extremely disciplined while searching for the right property in Tampa to enter the market,” Larry Connor, the group’s managing partner, said in a statement. “And Anchor Riverwalk checked all of the boxes. Our people did an outstanding job operating the property, and with the right plans and processes, we were in excellent position to sell amid unprecedented market conditions.”

The Connor Group also operates the Bayside Arbors of Clearwater in Pinellas County. Nationwide, it owns and operates 15,000 apartments in 47 luxury properties.