REBusinessOnline

Westside Capital Group Purchases Multifamily Community in Orlando for $45M

ORLANDO, FLA. — Westside Capital Group has purchased The Residences at Veranda Park, a 150-unit multifamily community in Orlando, for $45 million. The five-story building was built in 2008. The property offers one-, two- and three-bedroom floor plans averaging 1,239 square feet. Communal amenities include two fitness centers, two spas, a clubhouse, 482 parking spots and 48,385 square feet of commercial leasable space on the ground floor. Westside Capital aims to update common areas and perform targeted management initiatives. Evan Kristol, Jason Hague and Duane Anderson of Marcus & Millichap represented the buyer in the transaction. The seller was not disclosed. Additionally, Charles Foschini of Berkadia originated a $31.5 million Freddie Mac acquisition loan on behalf of the buyer.

Content Partners
‣ Bohler
‣ Lee & Associates
‣ NAI Global
‣ Walker & Dunlop

Subscribe to the newsletter
Conferences


Webinars on Demand


Read the Digital Editions

Northeast Multifamily & Affordable Housing Business

Midwest Multifamily & Affordable Housing Business

Western Multifamily & Affordable Housing Business

Texas Multifamily & Affordable Housing Business

Southeast Multifamily & Affordable Housing Business

Heartland Real Estate Business

Northeast Real Estate Business

Southeast Real Estate Business

Texas Real Estate Business

Western Real Estate Business

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties