Thursday, December 13, 2012

Resort at Lake Fredrica Apartments in Orlando, FL Sold for $23.5 Million



Resort at Lake Fredrica Apartments, Orlando, FL
ORLANDO, FL -- CBRE is pleased to announce that it has completed the sale of the Resort at Lake Fredrica apartments for $23,500,000.

Shelton Granade, Luke Wickham, and Justin Basquill of CBRE’s Orlando office exclusively represented the seller in the transaction.

Built in 1973, the Resort at Lake Fredrica offers 1, 2, and 3 bedroom floor plans in a beautiful lakeside setting. The community features two pools, a large clubhouse, a fitness center, and two tennis courts, and was 94% occupied at closing.

The closing was a market-leading 32nd multi-housing transaction locally in 2012 year to date for CBRE.

For further information, please contact:

Shelton D. Granade, Jr., Executive Vice President
CBRE | Investment Properties - Multihousing
189 S. Orange Avenue, Suite 1900 | Orlando, FL 32801
T 407 839 3103 F 407 404 5001
Shelton.Granade@cbre.com
www.cbre.com
www.cbre.com/shelton.granade

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