Orlando
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.
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.
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.
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.
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.