Wednesday, May 5, 2010

CBRE Orlando Closes Three More Apartment Sales


ORLANDO, FL--CB Richard Ellis is pleased to announce the sale of three more multi-housing communities in Orlando over the last three weeks.

The three properties sold in separate transactions to different buyers, and cumulatively consisted of approximately 660 units (300 units in Winter Park, 140 units in Sanford, and 219 units in Orlando).

Shelton Granade (middle right photo)  and Luke Wickham (middle left photo)  of CBRE’s Central Florida Multi-Housing Group exclusively represented the sellers on all three assignments.


The properties sold range from a stabilized, value-add deal built in the late 1960’s to a note sale on a fractured condo community.


 Buyer interest in multi-housing assets in Central Florida has increased significantly over the last few months.

CBRE currently has several other offerings under contract, and is generating more than 40 offers on some widely marketed offerings.

 For further information, please contact the Central Florida Multi-Housing Group of CB Richard Ellis:

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

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