“These were EBSCO's first purchases in Central Florida, and are a prime example of new capital looking to grow their footprint in this market,” says Granade. “The properties were offered for sale individually or together, and garnered highly competitive bidding, allowing the seller multiple options and a final selection of one buyer for both properties.”

Located near the rapidly emerging Daytona Beach area, Integra Woods offers plans and upscale amenities. The property in Palm Coast is within 15 minutes of both Florida Hospital Flagler and Florida Hospital Memorial Medical Center.

Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.

ORLANDO—Two luxury multifamily communities in high path-of-growth Central Florida locations have traded hands. The sale price: $70.9 million.

CBRE's Shelton Granade, Luke Wickham, and Justin Basquill represented the sellers: Integra Land Company and Case Pomeroy Properties. EBSCO Income Properties acquired the assets, Integra Landings in Orange City and Integra Woods in Palm Coast. CBRE's Central Florida Multi-Housing Group have executed more than $6.5 billion in multifamily transactions in Central Florida.

“We continue to generate very strong interest in value add opportunities like Integra Landings and Integra Woods,” Granade, CBRE vice chairman, tells GlobeSt.com. “These assets are new enough that they have contemporary finishes and floor plans, but old enough now that investors see value in making cosmetic upgrades and increasing the rents over time.”

Completed in 2008 and 2009, Integra Landings and Integra Woods feature gated access, highly desirable carriage-style units, select units with direct-access garages, nine-foot and higher ceilings, and beautiful water and wooded views. Integra Landings is located 15 minutes from the Lake Mary Heathrow Office Park in Orlando. Florida Hospital's Fish Memorial Medical Center is also just 1.5 miles away from the community in Orange City.

“These were EBSCO's first purchases in Central Florida, and are a prime example of new capital looking to grow their footprint in this market,” says Granade. “The properties were offered for sale individually or together, and garnered highly competitive bidding, allowing the seller multiple options and a final selection of one buyer for both properties.”

Located near the rapidly emerging Daytona Beach area, Integra Woods offers plans and upscale amenities. The property in Palm Coast is within 15 minutes of both Florida Hospital Flagler and Florida Hospital Memorial Medical Center.

Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.