Azalea Apartments, a 289-unit community in Tampa, has secured $107.7 million in financing from Acre Credit Fund II JP LLC, according to public records.
Acre Credit Fund II JP LLC provided the financing to TF Azalea Apartments LLC, a Trilogy affiliate that owns the property. Public records do not specify whether the financing is a refinance, construction loan conversion or recapitalization.
Trilogy acquired the community from East Tampa Owner LLC for $85.75 million in July 2023, according to Hillsborough County property records. The property was completed in 2024…