ORLANDO—A former tax credit multifamily property is getting a new look with its new owner. Rivergate Partners purchased Bella Vita Place for $11.6 million, or $60,417 per door.
ARA arranged the sale of the 192-unit Orlando multifamily community. Bella Vita Place is located in Orlando's northwestern submarket, less than six miles from Downtown Orlando and three miles from MetroWest, a 1,805-acre mixed-use community southwest of Downtown Orlando.
ARA principals Kevin Judd, Patrick Dufour, and Richard Donnellan, along with senior vice president Matt Wilcox, represented Orlando-based Eenhorn Development in the sale. Constructed in 1996, the multifamily property is 96%.
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