Lubert-Adler Purchases Waterfront Property

5/19/14 | The Cove Tampa, FL

Lubert-Adler has paid $50.5 million for the Cove, a waterfront apartment community in Tampa, Florida, in a joint venture with Laramar Group through an Internet auction arranged by LNR Property.

Lubert-Adler and Laramar plan to spend $3 million making upgrades to the property, which was constructed in 1980.