Sunday, September 13, 2015

CBRE Closes $45 Million Sale of Orlando, FL Apartment Community

  
Island Club Apartments, 1401 South Kirkman Road,
 Orlando, FL
Orlando, FL – CBRE Investment Properties arranged the sale of Island Club, a 472-unit gated apartment community in Orlando, Florida, at the epicenter of one of Central Florida’s highest demand submarkets.

The asset at 1401 S Kirkman Rd. was acquired from an affiliate of Harbor Group International by the Michaelson Group for $45 million. CBRE’s Shelton Granade, Luke Wickham, and Justin Basquill provided exclusive representation to the seller in the transaction.

“Island Club generated strong interest from value-add investors seeking rental upside in this high-demand submarket,” said Mr. Granade, Vice Chairman, CBRE Capital Markets, Multifamily.

  For a complete copy of the company’s news release, please contact:

Elizabeth Cross Daniel Jimenez
+1 305 428 6373 +1 407 839 3191

No comments:

Post a Comment