ORLANDO—Sometimes, success with vintage multifamily just means repositioning the asset. That's what RW Ashley of New York and Strategic Properties of North America did with Ashley at Spring Valley.
The joint venture renovated the Altamonte Springs, FL multifamily asset in 2013. Now, the firm is exiting the investment. The JV just sold it to Robbins Property Associates for $18.3 million.
CBRE's Shelton Granade, Luke Wickham, and Justin Basquill represented the seller. The trio has closed $1.4 billion in apartment sales in Central Florida since 2013.
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