MIAMI—Continental Realty Advisors (CRA) is making moves in the Orlando multifamily scene. One of the Denver-based multifamily housing owner's funds has snapped up Bonita Fountains Apartment Homes.
"Bonita Fountains is a quality addition to Continental's portfolio,” says Warren Horvath, director of Acquisitions at CRA. “Bonita's location is focused on affordability but in close proximity to many tourism, service and manufacturing jobs which should sustain the viability of the area for the long term."
The multifamily property is located southwest of Downtown Orlando, in the south central submarket. Bonita Fountains was built in two phases during 1988 and 2000, and offers 560 multifamily units that average 862 square feet per unit.
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