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| Lakeshore Apartment Homes, Altamonte Springs, FL |
Orlando, FL– CBRE Capital Markets arranged the sale of Lakeshore Apartment Homes, a 224-unit
rental community in the Altamonte Springs area of Orlando.
Located at 210 Altamonte Bay Circle, the lakeside property
was acquired from a private equity group based in Denver by a Canadian
investment firm for $23.65 million.
CBRE’s Shelton
Granade, Luke Wickham and Justin Basquill exclusively represented the
seller in the transaction.
“Seminole County and Altamonte Springs are highly coveted by
multifamily investors due to the excellent public schools and proximity to major
white-collar employers,” said Mr. Granade, Executive Vice President of CBRE
Capital Markets, Multifamily.
“The Lakeshore sale was particularly competitive given its
premier location on Lake Orienta, and the asset’s strong potential for
increased net operating income long-term through modest property enhancements.”
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| Luke Wickham |
Built in 1986, the
community offers scenic water views and amenities that include two clubhouses,
a fitness center, tennis court and a resort-style pool.
The property is located within walking distance to a Publix
Super Markets-anchored shopping center, the Altamonte Mall, Crane’s Roost Park
and Florida Hospital Altamonte.
For a complete copy
of the company’s news release, please contact:
Elizabeth Cross or Daniel Jimenez
+1 305 428 6373 +1 407 839 3191
daniel.jimenez@cbre.com
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