Thursday, June 4, 2015

CBRE Closes $29 Million Sale of Laguna Oaks Apartments in Orlando, FL


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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