CBRE Arranges $31.5M Sale of Multifamily Community in Central Florida

DAVENPORT, FLA. — CBRE has arranged the $31.5 million sale of Village at Town Center, a 240-unit multifamily community in the Central Florida town of Davenport. Shelton Granade, Luke Wickham and Justin Basquill of CBRE represented the seller, Chicago-based VennPoint Real Estate, in the transaction. New York-based Beachwold Partners LP acquired the property. Village at Town Center features a clubhouse, resort-style pool, fitness center, tennis court and water views. At the time of sale, the community was more than 90 percent occupied.

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