ARA Newmark Arranges $28.7M Sale of Apartment Community in Metro Orlando

by John Nelson

WINTER PARK, FLA. — ARA Newmark has brokered the $28.7 million sale of Cranes Landing, a 252-unit, garden-style apartment community located in Winter Park, a suburb of Orlando. New York-based White Eagle Property Group purchased the asset from the undisclosed seller for $113,690 per unit. Cranes Landing features one-, two- and three-bedroom layouts and amenities such as an indoor racquetball court, fitness center, tennis court, sand volleyball court and two swimming pools. Scott Ramey, Kevin Judd, Patrick Dufour, Marc deBaptiste and Dick Donnellan of ARA Newmark represented the seller in the transaction.

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