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| 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
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