Orlando
JV Nabs 300-Unit Orlando Property
Robbins Property Associates and LEM acquired Art Avenue, which spreads across 11 buildings and features a business center, a swimming pool and 350 parking spaces.
Berkadia Arranges $74M for 2 FL Communities
The firm secured $34.5 million for The Queue Apartments in Fort Lauderdale and $39.5 million for Advenir at the Oaks in Ocoee.
Orlando Community Lands $40M Refi
Built in two phases from 1989 to 1991, Advenir at The Oaks features one-, two- and three-bedroom apartments and a total of 373,328 rentable square feet.
On the Market: 5 Interesting Listings for the Week of 2/19
This week’s listings include two recently constructed properties in Florida and a condominium offering in Vineland, N.J., which has seen historically high occupancy rates since its delivery.
Cortland Partners Nabs Orlando Property for $59M
Situated in one of the city’s fastest-growing submarkets, the 288-unit asset is LEED-certified and was recently rebranded.
Orlando Closes the Year in Style
As population gains further bolster demand, multifamily rents are prone to above-trend growth in the foreseeable future.
ZOM Living to Develop Ft. Lauderdale Community
The developer will break ground on Las Olas Walk, two eight-story luxury apartment buildings on a 3.2-acre parcel.
TruAmerica Nabs Orlando Asset for $53M
McDowell Properties sold the 362-unit gated community. The new owner plans to renovate the building.
Top 10 Orlando Apartment Owners
The city has a thriving market, thanks in part to an expanding young workforce. However, the metro still faces a shortage of affordable units, a growing concern for lower-paid
workers.
CGI Strategies Acquires FL Asset
The company snagged the property, located in Kissimmee, for $25.8 million. Cane Island, which includes 166 units, was 98 percent leased at the time of the sale.