Orlando, FL – CBRE Capital Markets announced that it
represented a large national owner-operator in the sale of a 1,024-unit multifamily
portfolio in Orlando.
The portfolio was acquired by Atlas Residential for $150
million and represents the largest apartment complex sale in the metropolitan
Orlando area in 2014.
The properties included in the transaction were:
· Alexandria Parc Vue, located at 10649 Bastille Lane,
Orlando, FL.
· Crowntree Lakes, located at 5759 Crowntree Lane, Orlando,
FL.
“This market-leading transaction serves as a testament to
the desirability of the Central Florida market, and to the viability of the
multifamily sector here. Rent growth is continuing to beat the expectations of
property owners and managers,” said Shelton Granade, Executive Vice President of CBRE Capital Markets, Multifamily.
 |
| Alexandria Parc Vue Apartments, Orlando, FL |
“Rents in Orlando are forecasted to increase 3.5% to 4% each
year for the next five years, and average occupancy should hold very strong in
the 94% to 95% range.”
CBRE’s Shelton Granade, Robert Given, Luke Wickham, and
Justin Basquill exclusively represented the seller in the transaction, and have
closed more than $1.4 billion in apartment sales in Central Florida since 2013
to date.
For a complete copy of the company’s news release, please
contact:
Elizabeth Cross
Marketing Director, FL
305.428.6373
Daniel Jimenez
Communications Specialist
407.839.3191
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