CBRE ARRANGES $42.3M SALE OF CENTRAL FLORIDA APARTMENT PORTFOLIO

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ORLANDO, FLA. — CBRE has arranged the $42.3 million sale of a four-property apartment portfolio in Central Florida. The acquired assets include Millenia West in Orlando, as well as Berkshires of West Melbourne, Lake Landing and Atlantis Cove in Fort Pierce. The apartment communities have an average occupancy rate of 94 percent. Shelton Granade, Luke Wickham and Justin Basquill of CBRE’s Orlando office represented the seller in the transaction. Freddie Mac provided acquisition financing for the buyer.

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