Wednesday, April 15, 2015

CBRE Arranges Sale of 1,075 Unit Multifamily Portfolio in Central Florida


Shelton Granade
Orlando, FL –  CBRE Capital Markets arranged the sale of the Central Florida Portfolio, four apartment properties totaling 1,075 units.

The portfolio includes Heritage on Millenia, Summit at Metrowest, and Legends at ChampionsGate, in Orlando; and Vinings at Hunters Green, in Tampa.

The portfolio was acquired by affiliates of Dallas and New York-based The Milestone Group, LLC and Milestone Apartments Real Estate Investment Trust and represents the largest apartment transaction in Central Florida in 2015 thus far.

“This market-leading transaction serves as a testament to the high demand for well-located multifamily assets in greater Orlando and Tampa,” said Shelton Granade, Executive Vice President of CBRE Capital Markets, Multifamily.

 “This portfolio presented investors with the opportunity to immediately expand their footprint in the region in a meaningful way, and to place a large amount of capital across four locations with great synergies and upside.”

Luke Wickham

CBRE’s Shelton Granade, Luke Wickham and Justin Basquill exclusively represented the seller in the transaction, and have closed approximately $1.8 billion in multifamily sales in Central Florida from 2013 to date.


For a complete copy of the company’s news release, please contact:


Shelton D. Granade, Jr., Executive Vice President
CBRE | Investment Properties - Multifamily
200 S. Orange Avenue, Suite 2100 | Orlando, FL 32801
T 407 839 3103 F 407 404 5001


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