Hinshaw Real Estate Attorney Neil S. Rollnick Handles $29.5M Multifamily Acquisition

Neil S. Rollnick
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TAMPA, FL—Veteran Real Estate attorney Neil S. Rollnick, a partner with the law firm of Hinshaw & Culbertson, successfully represented his client, Westside Capital Group, a Miami-based diversified real estate investment firm headed by Jakub Hejl, in the $29.5 million purchase of Waterman’s Crossing, a 337-unit garden-style apartment community located at 4515 N. Rome Avenue in Tampa, Fla. in the Wellswood submarket of Tampa.

Senior Managing Director Charles Foschini and Managing Director Chris Apone of Berkadia’s Miami office arranged the $26.25 million loan. Westside, which intends to invest up to $5 million in capital improvements while rebranding the property as “Westshore Crossing”, removed all Land Use Restriction Agreement (LURA) limitations that encumbered the property and has assessed development potential of up to 72 new multifamily units on the property.

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