Korman Residential purchases Tampa area apartment community

Trevose, Pa. – Korman Residential Properties, Inc., one of the industry’s premiere family-owned multifamily real estate firms, purchased River Chase apartments in Temple Terrace, FL. The 776-unit property will be known as Korman Residential at River Chase.

Korman Residential owns 6,000 apartments in Pennsylvania, New Jersey and Delaware. River Chase is the company’s first Florida acquisition.

“We are very excited about the opportunity to bring the Korman Residential brand to the Tampa submarket,” says John Korman, CEO of Korman Residential Properties. “We look forward to improving the asset and enhancing the lifestyle of our residents. We are looking to purchase additional properties in Florida as well.”

Conveniently located near major highways and businesses in the Temple Terrace area, Korman Residential at River Chase offers one, two, and three bedroom apartments. Property amenities include two pools; clubhouse with fitness center and business center; two lighted tennis courts; playground; and car care center. Pets are welcome.

Select apartments feature full-sized washer and dryer and a private screened in patio or balcony. The community is lushly landscaped and residents enjoy views of the Hillsborough River.

Based in Trevose, Pa., Korman Residential Properties, Inc. traces its roots to 1919 and to the founding of the family real estate development firm that evolved into a fully integrated, multi-divisional investment, management and development organization. The Korman family is one of the largest owners of residential property and a significant owner of commercial and industrial property in the Greater Philadelphia Metropolitan Area. Quality communities and constant attention to customer needs have been paradigms to the business since its inception. For more information, log on to www.kormanresidential.com.