Carter Multifamily, a division of Carter Funds, has bought Mode at Ballast Point in South Tampa for $57.5 million. They plan to reposition the 276-unit, 218,592 net rentable square feet property, pledging major internal and external renovations. The property’s strategic location near retail, business hubs, healthcare institutions, and MacDill Air Force Base increases its allure. Tampa’s robust job market, with a 4.3% growth in employment year-over-year, should increase the property's renter demographics.