Orlando
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.
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.
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.
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.
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.
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.
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.
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.
On the Market: 5 Interesting Listings for the Week of 4/3
This week’s assets include two student housing properties: a 528-bed community with a pool located less than half a mile from Georgia Southern University and a sleek 2017-built property near the University of Texas in Austin.
Dominium Expands Orlando Presence
The Minneapolis-based developer has acquired the 120-unit Chelsea Park Apartments, with plans to renovate the community and upgrade its amenities.