Orlando
Orlando Multifamily Report – Spring 2019
With more than 12,000 units underway as of March, apartment demand―driven by solid population gains and an expanding job market―continues to increase.
Origin Investments Closes Recap of Orlando Community
The company acquired an interest in Rosehill Preserve, a recently renovated 20-building residential community encompassing 396 units.
Beachwold Secures $38M in Loans for Georgia, Orlando Deals
The multifamily investor acquired a 76-unit community in suburban Savannah and refinanced existing debt on a 400-unit property in Orlando. Both assets are located near major universities.
Top Multifamily Completions in Orlando
The metro added more than 7,600 units to its inventory during the 12 months ending in March, with mixed-use communities with retail components leading the way, according to Yardi Matrix.
CGI Strategies Buys Orlando-Area Community
Dekel Capital worked on behalf of the buyer to facilitate a $47.5 million bridge loan for the acquisition, renovation and stabilization of the vacant, 306-unit Astoria at Celebration, located in Celebration.
North FL Community Sells for $54M
Newmark Knight Frank originated nearly $38 million in Freddie Mac acquisition financing for TruAmerica Multifamily, the buyer of the 272-unit Class A asset.
Franklin Street to Manage $105M Student Housing Tower
UnionWest at Creative Village is an Orlando mixed-use property that will serve students from the University of Central Florida and Valencia College.
CGI Strategies Acquires Orlando Community for $43M
The company will renovate and rebrand the 306-unit property, which was ordered vacated in 2017 after construction defects were discovered.
Central Florida Apartments Command $50M
Cushman & Wakefield facilitated a deal for a 12-building, 383,212-square-foot community in Lakeland, halfway between Orlando and Tampa.
TruAmerica Multifamily Pays $64M for Orlando Asset
Island Club is a 472-unit gated community located 10 minutes from downtown and close to major employers in the city, including Universal Orlando Resort.