ORLANDO—CBRE has been doing multifamily deal after multifamily deal in Central Florida. The latest is the sale of Lakeshore Apartment Homes, a 224-unit multifamily community in the Altamonte Springs area of Orlando.
Located at 210 Altamonte Bay Circle, a Canadian investment firm acquired the lakeside multifamily property from a private equity group based in Denver for $23.65 million. CBRE's Shelton Granade, Luke Wickham, and Justin Basquill represented the seller in the transaction.
“Lakeshore is the second multifamily asset we've sold to Canadian investors in the last 60 days,” Granade tells GlobeSt.com. “It's clear that multifamily is garnering increased interest from foreign buyers, and that Orlando is a high-target market.”
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