CBRE's Central Florida Multi-Housing Group Closes More Than $384M in Local Apartment Sales

ORLANDO, FL, June 5, 2008--CB Richard Ellis is pleased to announce that CBRE’s Central Florida Multi-Housing Group has closed more than $384 million in local apartment sales during the last twelve months.

Most recently, the Group closed a $28 million transaction last month. CBRE exclusively
represented the seller in that confidential Orlando sale, and currently has
other projects valued at about $105 million under contract.

CBRE’s Central Florida Multi-Housing Group has sold more multihousing
properties in Orlando over the last twelve months than any other
company. The assets sold range from “fractured” projects – communities that converted and sold units as condominiums and reverted the remaining units back to rentals – to value add and core opportunities.
Shelton Granade and Luke Wickham of CBRE’s Orlando office represented the seller in all transactions.

For further information, please contact the Central Florida Multi-Housing
Group of CB Richard Ellis. Shelton Granade and Luke Wickham, First Vice President, Director of Operations, Central Florida Multi-Housing Group
T 407.839.3103 T 407.839.3130
F 407.404.5001 F 407.404.5001, Licensed Real Estate Broker, 189 S. Orange Avenue, Suite 1900, Orlando, FL 32801
shelton.granade@cbre.com

luke.wickham@cbre.com