NAI Tampa Bay has acquired Tampa Income Properties in an effort to help bring a national platform to a local brokerage, company executives said.

Terms of the deal were not disclosed.

Brad Carter, president of Tampa Income Properties, will remain with NAI Tampa Bay as a multi-family broker while another executive with the company, Keith Heatly, will be a multi-family property manager for NAI Tampa Bay.

Carter ran Tampa Income Properties out of Largo and was licensed by the Florida Department of Business & Professional Regulation in September 2007, according to state records.

NAI Tampa Bay is part of NAI Global, one of the world's largest commercial brokerage networks with more than 375 offices and 8,000 associates in 55 countries. NAI Tampa Bay had a commercial real estate volume of $144 million in 2007, according to the Tampa Bay Business Journal's 2009 "Book of Lists,” and an additional $3 million in leases.

NAI Tampa Bay also hired Richard Green, a 25-year Las Vegas retail brokerage veteran, as president of retail brokerage and leasing.

John Burpee, chairman of NAI Tampa Bay, said he is working to develop a full team of retail brokerage partners over the next 18 months and predicts the market will reach bottom by the fourth quarter of 2010.