Multifamily news in Orlando

Orlando Affordable Housing Scores $20M Refi
Berkeley Point Capital arranged financing for Sand Lake Pointe Apartments, a 312-unit property. The loan was securitized with Ginnie Mae on a 35-year fully amortizing term.
Affordable
Aztec Group Secures $5M for FL Senior Communities
The Memory Lane Cottages in Oviedo and Tampa are assisted living facilities specializing in serving individuals with Alzheimer and dementia-related disease. Charles Penan, executive vice president, and Howard Taft, senior managing director, brokered the deal.
Luxury
Tourism’s Power a Draw in Orlando
The city's multifamily market is thriving due to healthy tourism, above-trend population gains and a rapidly growing economy.
Research Center

  • Watercrest Breaks Ground on FL Senior Community

    In partnership with Providence One Partners, Watercrest Senior Living Group started work on Sage Park Assisted Living and Memory Care near Orlando. The project will feature 128 luxury units and several wellness programs.

    02 August 2017 14:07

  • Orlando Community Obtains $55M in Bond Funding

    Westport Capital Partners and BTI Partners are developing The Grove Resort and Spa. Located near Disney World, the property will include condos and recreational amenities such as a water park, restaurants and bars.

    25 July 2017 15:10

  • BBX Capital Completes 2 Buildings at Orlando Community

    Upon final completion, The Addison on Millenia will consist of 10 buildings offering a total of 292 units. The community is part of The Gardens on Millenia mixed-use development.

    17 July 2017 19:44

  • RD Management, Big Rock Partners Plan Senior Housing

    Villages of Windsor in South Florida is scheduled to open in October, while Windsor at Celebration in the Orlando area has a March opening date.

    13 July 2017 08:51

  • The Praedium Group Invests $90M in TX, FL

    “The real estate investment firm added 530 units to its multifamily portfolio by acquiring the 288-unit Fox Hill Apartments in Austin and the 242-unit Park Place at Maguire in Orlando.

    10 July 2017 15:41

  • Affordable FL Community Lands $7M Financing

    Walker & Dunlop arranged a 35-year loan for William Booth Towers, a 168-unit, age-restricted property west of Orlando’s central business district.

    21 June 2017 19:45

  • Marcus & Millichap Leads Orlando Community Sale

    The company worked on behalf of the seller, an Orlando-based private group, for the 80-unit property sale. The community was 97.5 percent occupied as of May.

    20 June 2017 14:56

  • Investcorp, TruAmerica Buy $98M Orlando Portfolio

    The JV acquired a 708-unit, two-property portfolio and plans an extensive value-add renovation program for both communities.

    06 June 2017 14:06

  • Avesta Nabs Orlando Portfolio for $32M

    As part of the firm's strategy, Avesta has commenced a $5 million renovation program to modernize the interior units and upgrade the exterior aesthetics of its latest acquisition.

    25 May 2017 15:38

  • PASSCO Acquires Space Coast Property

    The company intends to initiate an array of capital improvements at the Class A property, which it purchased from Flournoy Cos. KeyBank Real Estate Capital’s Commercial Mortgage Group arranged acquisition financing for Passco Cos. through Fannie Mae.

    22 May 2017 14:49

  • Luxury Community Breaks Ground in Orlando

    Wood Partners' Alta Grande community will be located at the intersection of Orlando’s Tourism Corridor and its largest suburban office submarket. Leasing will begin in spring 2018.

    16 May 2017 16:16

  • Central Florida Community Trades for $24M

    Dominium has renamed its new acquisition Della Vita Apartments and plans significant upgrades to the property, which is located in Winter Haven, Fla.

    05 May 2017 17:52

  • Tourism Sparks Orlando’s Boom

    The city's multifamily market is expanding rapidly as a result of its strengthening economic fundamentals. Its increasing population and employment make it one of the country’s fastest-growing cities.

    02 May 2017 13:44

  • Pollack Shores Begins Construction on FL Luxury Community

    The 238,000-square-foot development will comprise three buildings encompassing 237 apartments. The project is set for completion in 15 months.

    21 April 2017 15:10

  • Orlando Apartments Change Hands for $22M

    Dominium Management Services procured the 304-unit community from Fieldstone Properties. The company plans to do a "significant" rehab on the amenities.

    13 April 2017 14:54