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NY Buyer Takes Multifamily Portfolio

ORLANDO-Affirmative Equities Co. buys a multifamily portfolio with 1,011 units from Needham, MA-based Sawyer Realty Holdings. With the purchase, the buyer adds to its portfolio of properties in the area.

By Natalie Keith | Updated on May 11, 2006

(To read more on the multifamily market, click here.)

ORLANDO-A three-property multifamily portfolio consisting of 1,011 units in Orlando and Palm Bay has been sold to New York-based Affirmative Equities Co. The seller of the portfolio was Needham, MA-based Sawyer Realty Holdings.

The properties consisted of Reserve at Rosemont I and II in the Rosemont community in northwest Orlando, Misty Oaks in western Orlando and Landings at Palm Bay in Palm Bay. The purchase price was not disclosed but the properties were listed at $23.3 million for Rosemont I and II, $11 million for Misty Oaks and $14.7 million for Landings at Palm Bay.

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