ORLANDO—The Plaza at Laurel Oaks just traded for $54 million, demonstrating the strength of Orlando's submarkets. The 552-unit multifamily community sits in the Winter Springs, FL about 15 miles outside Orlando.

An affiliate of New York-based White Eagle Property Group acquired the asset for $54 million. CBRE's Shelton Granade, Luke Wickham, and Justin Basquill represented the seller in the multifamily transaction.

"Larger investment groups are eager to place significant amounts of capital on bigger deals,” Granade, executive vice president of CBRE Capital Markets, tells GlobeSt.com. “We've closed three apartment transactions of $50 million or more in Orlando in the last 30 days, and have other similar opportunities on deck. That demand is a testament to the strength of the Multifamily market, and of Orlando as an investment target."