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| 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.”
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| 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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