ORLANDO, FLA. — ARA Newmark has arranged the sale of Reserve at Conway, a 220-unit Class B property located near downtown Orlando. The property was 94 percent occupied at the time of the sale. Kevin Judd, Scott Ramey, Patrick Dufour, Richard Donnellan and Marc deBaptiste of ARA Newmark represented the seller, an affiliate of Chicago-based Oak Residential Partners, in the transaction. Oak Residential is a privately owned company that invests in, develops and manages commercial and multifamily real estate across the Midwest, Southwest and Southeastern United States. Chicago-based Redwood Capital Group was the buyer. Constructed in 1983, the Reserve at Conway includes a unit mix of one- and two-bedroom apartments in six floor plans. Community amenities include a swimming pool, fitness center, outdoor kitchen, sports court, bark park, business center, laundry facility, car care center, clubhouse and resident lounge, Wi-Fi and a Starbucks. The Reserve at Conway is located six miles southeast of downtown Orlando in the Southeast/Airport submarket.
Reserve at Conway is a 220-unit, Class B property located near downtown Orlando.
ARA Newmark Arranges Sale of 220-Unit Apartment Community in Orlando
114