Orlando
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.
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.
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.
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.