ORLANDO—This multifamily deal closed at a price per unit that is higher than any other in Orlando's during this cycle. The Gallery at Mills just traded hands for $66.5 million, or about $215,000 per unit.
JLL Capital Markets international director Jubeen Vaghefi and managing directors Denny St. Romain, Jeff Morris, and Matt Wilcox represented the seller, DeBartolo Development. An institutional investor purchased the 310-unit multifamily asset.
“The Gallery at Mills Park is located in Orlando's trendy, contemporary Mills 50 District, which is quickly attracting today's renter due to its 'live, work, play' status,” says Vaghefi. “Additionally, the asset features the latest apartment finishes and amenities.”
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