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| Shelton Granade |
Orlando, FL – June 1, 2015 – CBRE’s Shelton Granade, Luke Wickham, and Justin Basquill
arranged the sale of Laguna
Oaks, a 360-unit gated community in Orlando, Florida.
Located at 3211 S. Semoran Blvd., the lakeside property was
acquired from Ram Realty Services by Avesta Communities for $29.15 million. CBRE exclusively
represented the seller in the
transaction.
“The Laguna Oaks sale was very competitively bid and
speaks to the demand for infill, value-add
offerings in Orlando,” said Mr. Granade, Executive Vice
President of CBRE Capital
Markets, Multifamily.
“This asset has tremendous
visibility and a unique location on the lake, and new ownership can realize increased returns through
comprehensive interior renovations and amenity improvements.”
For a complete
copy of the company’s news release, please contact:
Elizabeth Cross or
Melinda Sherwood
+1 305 428 6373 +1 305 381 6453
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