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Patel Real Estate Holdings
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Completed Individual Projects
Lakeside Apartment Homes
St. Petersburg, FL
Located in Brandon, Florida and conveniently off Interstate 275, Lakeside Apartments offers one and two-bedroom apartment homes on a beautiful site surrounding a large scenic lake. The property consists of 15 two-story apartment buildings with 228 garden-style multifamily units. It was constructed in 1985 a 21.94-acre site.
The asset was purchased in 2014 and sold in 2017 @ 2.5x
Downtown St. Pete Redevelopment
St. Petersburg, FL
This key property operated as a surface parking lot and sold for redevelopment. Entitlements were strategically maintained during operations to maximize the land's highest and best use for redevelopment, proving critical in the growth of the downtown St. Petersburg area. This class A location became home to the now completed Bainbridge 930 Central Flats, a 218 unit luxury mixed-use property.
The property was sold in 2017 @ 2.2x
Tropicana Field Parking Asset
St Petersburg, FL
Rare vacant lot in downtown St. Petersburg blocks from Tropicana Field, the home of Major League baseball team the Tampa Bay Rays.
Property was used for daily and event parking for Tropicana Field before being sold to a 4 billion dollar company whom specializes in multi-family development. Property was sold in 2017 @ 2.2x
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