SOLD: CBRE Orlando Closes Six Apartment Deals in Six Weeks

ORLANDO, FL--CB Richard Ellis is pleased to announce the sale of three more multi-housing communities in Orlando over the last two weeks – their sixth apartment closing in six weeks.

The three most recent sales occurred in separate transactions to different buyers. The properties are Archstone Altamonte Springs, Notting Hill, and Residences at Villa Medici.

Shelton Granade (top right photo)  and Luke Wickham (top 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 1980’s (Altamonte Springs, 224 units) to bulk sales on two fractured condo communities (Notting Hill in Lake Mary and Residences at Villa Medici in Orlando).

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

CBRE currently has several other assets 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.

Contacts:

Shelton Granade, Senior Vice President, Central Florida Multi-Housing Group,  T 407.839.3103, shelton.granade@cbre.com

Luke Wickham, Director of Operations, Central Florida Multi-Housing Group,  T 407.839.3130,  luke.wickham@cbre.com