By Matt Wiley
Signs of change are on display along Amberly Dr. in Tampa Palms. More specifically, these signs showcase the new name for the large apartment complex originally called Live Oaks Plantation, and which has most recently been known as Camden Live Oaks, but now is called Amberly Place.
According to the Hillsborough County Property Appraiser’s Office, Camden Live Oaks was sold in January to 5100 Live Oaks Blvd, LLC (also known as APH Property Holdings, LLC), for $63.4 million. APH is a part of Prospect Capital Corporation, a New York City-based business development and investment company.
In a press release dated Jan. 18, Prospect announced its entry into the real estate marketplace with three investment properties, one of which is Amberly Place.
Chicago-based Providence Management Co., LLC, which now is managing the 55-building, 770-unit complex, also has a stake in the ownership of the rental community. Providence currently also owns and manages Portofino Apartment Homes, located on New Tampa Blvd. in West Meadows. Providence took over management of the 60-acre Camden property the same day as the press release, notifying residents via email, as well as with a letter posted on each door.
With new management comes change, which Providence vice president of property management Lisa Croushorn says will give a facelift to the community.
“We’re going to be doing some upgrades,” Croushorn explains. “There’ll be some major tree-trimming to get branches away from the buildings. We’ll also be pressure washing the buildings and repainting the shutters and doors.”
She says that Providence will be managing to exceed its residents’ expectations. Location is what attracted Providence to the Live Oaks property.
“It doesn’t get much better than Tampa Palms,” she explains. “The buildings are well-constructed and have good floor plans.” The complex also borders the beautiful nature preserve that is part of Lettuce Lake Regional Park.
Croushorn says that Providence is working with the Tampa Palms Community Development District (CDD) to change the name engraved in granite on the Tampa Palms sign that fronts Bruce B. Downs (BBD) Blvd. at the Amberly Dr. intersection and that the company will be paying more than $6,000 to have that sign changed.
For more information about Amberly Place, please visit ProvMan.com and click on the “Properties” tab, or call 971-5100.
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