ORLANDO-ARA, an investment advisory brokerage firm, has closed the sale of a Class B apartment complex in Orlando. St-Lambert, Canada-based L.S.R. Development has purchased Pine Harbour, a garden apartment community consisting of 366 units, for $31 million.
The community comprises single-, double- and triple-bedroom apartments. It was 95% occupied at closing. Kevin Judd, Marc deBaptiste and Patrick Dufour with ARA negotiated the deal on behalf of the institutional seller. For the full story, go to Florida Real Estate Journal .
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