MIAMI—Arium Falcon Pines, a 300-unit value-add multifamily property in East Orlando, has traded hands. The sale price: $47.7 million.
Los Angeles-based TruAmerica Multifamily acquired the multifamily asset. Arium Falcon Pines was built in 2006.
CBRE's Shelton Granade, Luke Wickham, and Justin Basquill represented the seller, a partnership between Carroll Organization and Goldman Sachs Asset Management Private Real Estate, in the transaction. The multifamily community was 94% occupied at the time of sale.
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