HCA Healthcare has cashed out of a long-held Riverview property, selling a parcel directly across from St. Joseph's Hospital South to Camden Property Trust, the Houston-based apartment REIT. The transaction today shifts a site HCA had controlled since 2005 into the hands of a company known for building and operating large multifamily communities.
Deal Details
The purchase price came in at $21 million, according to the Tampa Bay Business Journal. The report notes that HCA had owned the parcel since 2005 and that the land sits directly opposite St. Joseph's Hospital South.
Who Is Camden
Camden Property Trust is an S&P 500 listed apartment REIT that, according to the company’s investor site, owns and operates hundreds of multifamily communities across the United States. As of May 31, 2026, Camden reported owning 173 properties and roughly 58,811 apartment homes, and it frequently acquires land to build new communities or expand existing ones, per Camden Property Trust.
Why It Matters For Riverview
The parcel sits across from BayCare’s St. Joseph's Hospital-South at 6901 Simmons Loop, a major employer for south Hillsborough County and a likely source of workforce housing demand. BayCare lists St. Joseph’s Hospital-South at that address on its site, underscoring how close the transaction is to an active medical campus and the potential for nearby housing and services to support hospital staff, per BayCare.
What’s Next
Any future development on the site will require Camden to submit plans and secure approvals from Hillsborough County. The county’s land development code calls for a certified site development plan and permitting before building permits can be issued, which means public review, transportation and stormwater studies, and other technical signoffs have to happen first, according to the Hillsborough County land-development code.
