ORLANDO—An all-cash foreign buyer has snapped up 38 condos in bulk at the Waterside at Cranes Roost in the Orlando suburb of Altamonte Springs, FL. The units are 96% occupied.
CBRE exclusively represented the seller in the transaction. An all-cash foreign buyer from Sheung Wan, Hong Kong has taken possession.
“Foreign investors have strong confidence in the U.S. real estate market, particularly for assets in Orlando,” says CBRE first vice president Luke Wickham. CBRE's Central Florida Multi-Housing Group has closed more than $646 million in the Orlando MSA so far in 2013.
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