Cross Creek

Cross Creek

Tampa, Florida

Type
Land/Single Family
Acquired
October 2010
Sold
Ongoing
Fund
Cypress Realty VII/CREA Partners

Acquisition of Community Development District bonds in a 656-acre master-planned development entitled for 998 residential units in Tampa’s Manatee County.  These fixed-rate, tax-exempt revenue bonds are senior to mortgages/liens, which allows access to distressed residential developments at an extremely reduced basis.