ORLANDO—Central Florida just saw a $47 million multifamily deal. Malabar Lakes, Grand Oaks at the Lake, and Park Village—three multifamily communities located in Palm Bay and Melbourne, FL, just traded hands.
Berkadia Group managing director Cole Whitaker and senior directors Hal Warren of the Orlando office, along with Jason Stanton of the Tampa office facilitated the sale. The multifamily communities $85,454 per unit.
“Strong regional job growth, prime locations and significant value-add potential are among the many factors that attracted the buyer to these communities,” says Whitaker. Deancurt Melbourne of Agawam, MA acquired the multifamily assets from HC II Limited Partnership of Denver.
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