Wednesday, November 13, 2013

CBRE Closes 1,596-Unit Florida Apartment Portfolio


Part of CBRE"s 12-property portfolio apartments sale in Central Florida

ORLANDO, FL -- Our CBRE Florida Multi-Housing Group is pleased to announce that is has sold an apartment portfolio totaling 1,596 units among twelve properties in Orlando, Daytona Beach, Deland, Orange City, and Jacksonville. 

Wingwood Apartments, Orlando, FL

The assets sold include: Wingwood, Sky Pines, and Branchwood in Orlando; Applewood in Deland; Oak Shade in Orange City; Nova Glen, Nova Wood, Countryside, and Volusia Crossing in Daytona Beach; and Kings Crossing, Stonewood, and Pelican Pointe in Jacksonville.  Please see attached for more detail.

Shelton Granade, Luke Wickham, and Justin Basquill of CBRE’s Orlando office and Brian Moulder and Dhaval Patel of CBRE’s Jacksonville office exclusively represented the seller in the transaction.

Sky Pines Apartments, Orlando, FL
All 12 assets sold to an Atlanta-based owner/operator. The properties were built in the early 1980s, and feature mostly studio and 1-bedroom apartment units. The communities were 92% occupied on average at closing.

 CBRE’s Central Florida Multi-Housing Group continues to be the market leader, and has closed more than $593,000,000 in apartments sales in the Orlando MSA thus far in 2013. 


 For a complete copy of the company’s news release, please contact:

Shelton D. Granade, Jr.,
 Executive Vice President
CBRE | Investment Properties - Multihousing
189 S. Orange Avenue, Suite 1900 | Orlando, FL 32801
T 407 839 3103 F 407 404 5001


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