ORLANDO—It's Central Florida's largest multifamily transaction of 2015. A portfolio of 1,075 multifamily units has traded hands. Affiliates of Dallas- and New York-based Milestone Group and Milestone Apartments Real Estate Investment Trust acquired the assets.

CBRE Capital Markets arranged the sale of the Central Florida Portfolio, which includes multifamily properties. The multifamily portfolio includes Heritage on Millenia, Summit at Metrowest, and Legends at ChampionsGate in Orlando. The three Orlando assets sold for $89 million. The deal also included Vinings at Hunter's Green in Tampa, FL but the price was not disclosed.

“Central Florida is increasingly becoming a top-tier target for national and global multifamily investors,” Shelton Granade, executive vice President of CBRE Capital Markets, Multifamily, tells GlobeSt.com. “We're hitting on all cylinders—population gains, employment growth, and large infrastructure improvements. That's translating into higher rents and better returns for buyers and owners.”