HITE and Notch - Tampa, FL

JLL Capital Markets is pleased to exclusively present Hite & Notch (The “Portfolio” or The “Properties”), a 193-unit, two-property multifamily portfolio located in Seminole Heights — one of Tampa’s most supply-constrained and rapidly evolving in-fill neighborhoods, positioned minutes north of the urban core. Both four and five-story, elevator-served communities represent 2 of the 3 institutional-quality apartment product delivered in Seminole Heights within the last 30 years. The neighborhood’s land base is fully built out, creating nearly impossible barriers to entry. The Properties’ location provides residents unmatched access to Tampa’s three largest employment centers: Downtown Tampa (71,000 employees), Gateway Business District (114,000 employees), and the Westshore Business District (102,000 employees) — all within a 20-minute drive. This employment catchment, combined with the continued buildout of Water Street Tampa ($3.5B, 9M+ sq ft), GasWorx (50-acre Ybor City mixed-use), and Ybor Harbour (waterfront mixed-use), reinforces the long-term demand trajectory for well-located urban infill product in this corridor. Meanwhile the properties are both equipped with grown floor retail and the micromarkets offer walkable retail, offering an amenity mix that is highly differentiated from the comparable properties. Hite & Notch represents an exceptional opportunity that combines irreplaceable location with a superior product offering at basis substantially discounted from Downtown Tampa, sitting just 10 minutes away. Hite & Notch presents an unparalleled acquisition opportunity for investors to capitalize on Tampa’s rapid growth, while remaining shielded from new supply.