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| Shelton Granade |
Orlando, FL – CBRE
Capital Markets arranged the sale of Whitepalm
Apartment Homes, a new 306-unit luxury apartment community
in Port Orange, Florida, about 45 minutes outside of Orlando.
The Class A property, located at 5400 S. Williamson Boulevard,
was acquired from Birmingham, Alabama-based LIV Development by Carter-Haston
Holdings from Nashville for $40,289,500.
CBRE’s Shelton
Granade, Luke Wickham and Justin Basquill represented the seller in the
transaction.
“Whitepalm is the fifth pre-stabilized apartment property we
have sold recently in Central Florida. Investor interest in newer assets is
growing substantially, even before these communities are fully occupied,” said
Mr. Granade, Executive Vice President of CBRE Capital Markets, Multifamily.
 |
| Luke Wickham |
”Volusia County is in the midst of an
impressive economic expansion and the Port Orange area was under-served in
terms of luxury apartments.”
Whitepalm was completed in 2014 and is conveniently located
in the Daytona Beach area near two of the area’s largest professional employers
– Florida Hospital Memorial Medical Center and Halifax Medical Center.
The
gated community offers luxury finishes, such as stainless steel appliances, 9’
ceilings, oversized balconies, stylish cabinetry, and designer counter tops.
Amenities include a large clubhouse, a resort-style pool with cabanas, a
serenity beach fully equipped with hammocks and a state-of-the-art fitness
center.
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| Justin Basquill |
Granade, Wickham and Basquill have closed approximately $1.7
billion in multifamily sales in Central Florida from 2013 to date.
For a complete copy
of the company’s news release, please contact:
Elizabeth Cross
305.428.6373
Daniel Jimenez
407.839.3191
.
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