ORLANDO—Sun Lake Apartment Homes, a 600-unit luxury multifamily community in Lake Mary, FL, just sold for $66.25 million. Ecoventures Capital Fund acquired the asset. The transaction was the second-largest apartment complex sale in Greater Orlando in 2014.

CBRE's Shelton Granade, Luke Wickham, and Justin Basquill worked on behalf of Harbor Group International (HGI), a global private investment firm with a portfolio valued at approximately $4.2 billion, to sell the asset. An HGI affiliate acquired Sun Lake in 2012.

“Orlando is continuing to see an uptick in larger transactions in the multifamily space,” Granade, executive vice president of CBRE Capital Markets, Multifamily, tells GlobeSt.com. “Investors are drawn to the upside and improving fundamentals in Central Florida, and are finding it more efficient to put out capital in the $50 million to $150 million range, as evidenced by our sale of Sun Lake, Sun Key, Camden Club, Alexandria, and others in the last few months.”