Wednesday, May 25, 2016

Berkadia Brokers $24.6 Million Cash Sale of 310-Unit Multi-Family Portfolio in Southeast Orlando, FL

Cole Whitaker
ORLANDO, FL --- Berkadia, one of the nation’s largest and most active multifamily investment banking and research companies, recently completed the sale of a multi-family portfolio consisting of two apartment communities across the street from each other on Curry Ford Rd. in Southeast Orlando for $24,600,000.

Miami-based Lloyd Jones Capital, LLC is the Buyer of the properties with 310 units ranging from studio to three-bedroom apartment homes.  

Pendelton Park Villas built in 1973 with 210 units is located at 5953 Curry Ford Rd. and Carlyle Court Apartments with 100 units was built in 1970 at 5924 Curry Ford Rd.

Cole Whitaker, Managing Director, and Senior Director Hal Warren at Berkadia negotiated the transaction representing the Seller, Florida Pendelton Limited Partnership based in West Springfield, Mass. 

Both communities underwent capital improvements totaling over $1.2 million since 2012 that included curb appeal, interior upgrades, and resident experience.   Pendelton Park Villas was 97 percent occupied and Carlyle Court was 94 percent occupied at time of sale.

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

Larry Vershel or Beth Payan, Larry Vershel Communications Inc. 407-644-4142

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