Berkadia, a distinguished leader in the commercial real estate sector, announces that it secured a $32.41 million loan on behalf of Robbins Property Associates and Hartford Investment Management Company (HIMCO) to refinance Lakeside Central Apartments, a 228-unit garden-style apartment community located in the Tampa suburb of Brandon, Florida.
Senior Managing Director Mitch Sinberg, Managing Directors Scott Wadler and Brad Williamson, and Vice President Hugo Hernandez of Berkadia Miami and Boca Raton secured the financing.
Berkadia originated the Freddie Mac-backed five-year, fixed-rate loan with a 70% loan to value. Berkadia also financed the property’s acquisition in 2018 with a floating-rate, Freddie Mac loan.
“After completing an extensive value-add program, the Sponsors sought to put fixed-rate financing in place,” said Sinberg. “Demand for high-quality apartments in Tampa’s suburbs remains strong in large part to a robust economy and high-interest rates that are encouraging renting.”
Buit in 1985 and located at 529 S Parsons Avenue, Lakeside Central offers one- and two-bedroom apartments ranging from 600 to 900 square feet. Individual units feature gourmet kitchens outfitted with designer cabinetry, wood-style plank flooring, and abundant storage. Community amenities include a newly renovated clubhouse; renovated and expanded 24-hour fitness center with a cross-training gym; resort-style pool and summer kitchen with grills; newly renovated bark park and pet spa; car care center and 24-hour maintenance; and lake views with fountains and a gazebo.
The property is conveniently located just 25 minutes east of downtown Tampa.
About HIMCO:
Hartford Investment Management Company (HIMCO) is the asset management arm of The Hartford Insurance Group, Inc. (The Hartford). HIMCO is an insurance asset manager with approximately $116 billion in assets under management across the public and private markets (as of March 31, 2025). The firm manages assets on behalf of The Hartford, as well as insurance, sub-advisory and other institutional clients.
About Robbins Property Associates:
Robbins Property Associates (RPA) is a vertically integrated real estate private equity firm that combines experienced and proven investment capability with a best-in-class team of real estate operations professionals. Founded in 2009 with the objective to provide superior resident service, it has become a leader in the multi-family housing investment and management industry. The company currently owns and operates 21 properties totaling over 5,000 units in Florida. For more information about Robbins Property Associates, visit https://www.robbinspropertyllc.com/
