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ORLANDO-On the market for only 30 days, the 144-unit Hollowbrook Apartments and the 100-unit Maitland Oaks community are under new ownership today. Both class B properties are 99% occupied.

Bidding against five competitors, Orlando Neighborhood Improvement Corp., a nonprofit, paid Atlanta-based RHA/Affordable Housing III Inc. $12.98 million or an average $53,230 per unit for the two properties. The 37-year-old Hollowbrook is at 5465 Curry Ford Rd.; the 25-year-old Maitland Oaks is at 8339 Pembrook Villa Circle.

The properties were listed at a total $13.5 million or $55,328 per unit. The seller was asking $5.24 million or $52,400 per unit ($70.43 per sf) for Maitland Oaks, and $8.26 million or $57,400 per unit ($55.73) per sf for Hollowbrook. Hal Warren, senior director of Cushman & Wakefield of Florida's Apartment Brokerage Services division in Orlando, and Cole Whitaker, the division's executive director, brokered the transaction.