REBusinessOnline

WHARTON BUYS INTEREST IN FOUR MULTIFAMILY COMMUNITIES

FLORIDA — Wharton Equity Partners has purchased an interest in four central Florida rental communities, which totals 900 units, for $50 million. The four properties include the 352-unit Hunter’s Ridge at Walden Lake in Plant City; the 168-unit Mallards of Brandywine in Deland; the 172-unit The Grove and the 208-unit Pierpoint Port Orange in Port Orange. The transaction was completed through a partnership led by certain real estate funds affiliated with Och-Ziff Capital Management Group. Cocke Finkelstein, an Atlanta-based investment management firm, also invested in the transaction and will provide property management services for the venture.

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