Grande Oasis at Carrollwood changes hands for $121.8m

West Shore paid $121.8m for the Grande Oasis at Carrollwood apartment complex in Tampa. The seller was Crescent Real Estate. The 869-unit property spreads over a 76-acre site in 39 three-story buildings surrounding a seven-acre lake. Originally a 1,000-unit rental property, Grande Oasis at Carrollwood underwent a partial conversion process. As a result, 131 units became individually owned condominiums. The deal was completed with a $97m Fannie Mae loan originated by Walker & Dunlop. Common-area amenities include three swimming pools, three tennis courts, a fitness center and a nature preserve.