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| Part of CBRE"s 12-property portfolio apartments sale in Central Florida |
ORLANDO, FL -- Our CBRE Florida Multi-Housing Group is
pleased to announce that is has sold an apartment portfolio totaling 1,596
units among twelve properties in Orlando, Daytona Beach, Deland, Orange City,
and Jacksonville.
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| Wingwood Apartments, Orlando, FL |
The assets sold include: Wingwood, Sky Pines, and
Branchwood in Orlando; Applewood in Deland; Oak Shade in Orange
City; Nova Glen, Nova Wood, Countryside, and Volusia Crossing
in Daytona Beach; and Kings Crossing, Stonewood, and Pelican Pointe in
Jacksonville. Please see attached for
more detail.
Shelton Granade, Luke Wickham, and Justin Basquill
of CBRE’s Orlando office and Brian Moulder and Dhaval Patel of
CBRE’s Jacksonville office exclusively represented the seller in the
transaction.
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| Sky Pines Apartments, Orlando, FL |
All 12 assets sold to an Atlanta-based owner/operator.
The properties were built in the early 1980s, and feature mostly studio and
1-bedroom apartment units. The communities were 92% occupied on average at
closing.
CBRE’s Central
Florida Multi-Housing Group continues to be the market leader, and has closed
more than $593,000,000 in apartments sales in the Orlando MSA thus far in
2013.
For a complete
copy of the company’s news release, 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
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