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McCann Realty Enters Orlando With Multifmaily Acquisition

ORLANDO-McCann's Brand Inlow tells GlobeSt.com's Jennifer LeClaire he expects multifamily rents to continue growing over the next few years.

By Jennifer LeClaire | Updated on May 30, 2012

ORLANDO—McCann Realty Partners has entered the Orlando multifamily scene with the acquisition of Vista at Lost Lake Apartments in the Clermont. McCann also snapped up an adjacent 16.4-acre parcel of land and plans to develop another multifamily complex with 192 units next year.

Built in 2007, Vista at Lost Lake is 276-unit, garden-style multifamily community in the Lake County submarket of Orlando. Pegasus Residential will manage the multifamily asset. The acquisition was funded in part by a seven-year Fannie Mae fixed rate loan with a rate of 3.54% originated by Beech Street Capital.

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