CB Richard Ellis Orlando Brokers Sale of Waterways in Orlando

ORLANDO, FL--CB Richard Ellis is pleased to announce the sale of Waterways (top, middle and bottom photos), a 360-unit rental community in Orlando.

Shelton Granade (top right photo) and Luke Wickham  (bottom left photo) of CBRE’s Orlando office exclusively represented the seller, and procured more than 40 offers on the transaction.

Completed in 1988, Waterways features one- and two-bedroom floor plans averaging 830 SF. Property operations were not stabilized, and the community was 76% occupied at closing.

Buyer interest in multi-housing assets in Central Florida has increased significantly over the last several months. CBRE currently has three other offerings under contract. For further information, please contact the Central Florida Multi-Housing Group of CB Richard Ellis.

Contacts:
Shelton Granade,  Senior Vice President, T 407.839.3103, shelton.granade@cbre.com
Luke Wickham, Director of Operations, T 407.839.3130, luke.wickham@cbre.com