Olympus Real Estate acquires 930 units in Central Flats, St. Petersburg, Florida
Olympus Properties is pleased to announce the acquisition of 930 Central Flats, a 218-unit luxury apartment community located in the heart of downtown St. Petersburg, Florida. Completed in 2019, this six-story mid-rise community embodies premium urban living and is a significant addition to Olympus Properties’ portfolio.
With a strong track record of success in multifamily real estate, Olympus Properties continues to expand its portfolio with the acquisition of 930 Central Flats, further increasing its presence in a key growth market. This acquisition marks Olympus’ second acquisition in the Tampa Bay area, bringing its Florida portfolio to more than 5,500 owned and managed properties. Founded in 1992, Olympus Properties has grown to own and manage approximately 34,000 units in 16 states with a hands-on approach and commitment to providing a superior living experience. Olympus is well-positioned to leverage its extensive experience and operational expertise to ensure strong performance at 930 Central Flats, while consistently delivering value to residents and investors alike.
Located in the popular entertainment district of Central Avenue, 930 Central Flats offers residents a premier live-work-play environment. Walkability and proximity to major employment centers, entertainment venues, and retail stores make it a highly sought-after address in the Southeastern United States.
“The acquisition of 930 Central Flats is an important milestone in expanding Olympus Properties’ presence in one of Florida’s most dynamic urban markets,” said Chase Bennett, Chief Acquisitions Officer, Olympus Properties. . “This property’s unparalleled location and upscale amenities align seamlessly with our long-term investment approach. Its proximity to Olympus Harbor Island, another key asset in our portfolio, brings us to the Tampa Bay area. We are excited to add 930 Central flats to our portfolio and continue to provide the exceptional living experience our residents expect.”
930 Central Flats is ideally located adjacent to the highly anticipated $6.5 billion Gas Works District redevelopment. The redevelopment is a transformational project expected to create 5,500 jobs and contribute $1.4 billion annually to the local economy. Easy access to major highways such as Interstate 375, Interstate 275, and Interstate 175 provides residents with convenient commuting to major employment centers in the Tampa Bay region. Over 390,000 jobs within a 25-minute drive. Boasting a Walk Score of 97, this property offers a pedestrian-friendly lifestyle with direct access to Central Avenue’s retail and entertainment venues, including more than 580 restaurants, bars, and shops.
About Olympus Properties
Founded in 1992, Olympus Property is a full-service multifamily owner and operator headquartered in Fort Worth, Texas. With a portfolio of more than $8.4 billion and more than 34,000 units across the United States, Olympus Properties continues to focus on high-growth markets and provide superior living experiences. The company currently owns and manages multifamily properties in 16 states, including Arizona, California, Colorado, Florida, Georgia, Idaho, Oregon, Montana, New Mexico, North Carolina, Tennessee, Texas, Utah, Washington, Wyoming, and Kentucky. There is. For more information about Olympus Property and its growing portfolio, please visit www.OlympusProperty.com.
