ORLANDO, FLA. — CBRE Capital Markets has represented the undisclosed owner-operator seller in the $150 million sale of a 1,024-unit multifamily portfolio in Orlando. The buyer was Addison, Texas-based Atlas Residential.
The portfolio, according to CBRE, represents the largest apartment complex sale in the metropolitan Orlando area in 2014 to date.
The properties included in the sale were Crowntree Lakes, located at 5759 Crowntree Lane, and Alexandria Parc Vue, located at 10649 Bastille Lane.
“This transaction serves as a testament to the desirability of the Central Florida market, and to the viability of the multifamily sector here,” says Shelton Granade, executive vice president of CBRE Capital Markets, Multifamily...