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| Apartment portfolio includes Village Lakes, Village Townhomes and Village Park Rosemont Neighborhood, North Orlando, FL |
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| Shelton Granade |
ORLANDO, FL-- CBRE is pleased to announce that it has sold
an apartment portfolio consisting of Village Lakes, Village Townhomes, and
Village Park in Orlando. Completed in 1985/86, the portfolio totals 989
units in the Rosemont neighborhood of Orlando.
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| Luke Wickham |
Shelton Granade, Luke Wickham, and Justin Basquill
of CBRE’s Orlando office exclusively represented the seller in the transaction.
All three assets sold to a California-based owner/operator.
The properties offer 1, 2, and 3-bedroom floor plans with
water views of Lake Orlando and individual amenity packages at each property
including swimming pools, fitness centers, and clubhouses. The communities were
93% occupied at closing.
CBRE’s Central Florida Multi-Housing Group continues to be
the market leader, and has closed more than $490,000,000 in the Orlando MSA
thus far in 2013.
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| Justin T. Basquill |
For a complete copy of the company’s news release, please
contact:
Shelton Granade, Luke Wickham, Justin Basquill
Executive Vice President, First Vice President, Director of Operations
T 407.839.3103, T 407.839.3130, T 407.839.3169
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