CBRE Orlando SOLD: Nine Closings in Orlando in 2010 (January – July 15, 2010)

ORLANDO, FL--CB Richard Ellis is pleased to announce the sale of two more multi-housing communities in Orlando over the last two weeks – their ninth apartment closing in 2010.

The two most recent sales occurred in separate transactions to different buyers.

The properties are Silver Oaks and the Residences at Sabal Point.

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

The properties sold range from a value-add deal built in 1990 (Silver Oaks, 320 units) to another bulk sale on a fractured condo community (Residences at Sabal Point in Longwood).

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.

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