Orlando

DASMEN Residential has acquired the five-property, 1,011-unit portfolio, located in Orlando and Tampa.

The firm was originally set to acquire the $50.8M apartment community one year ago, prior to the nationwide lockdown.

Other high-growth cities include San Francisco, Dallas Fort-Worth, Greenville, Jacksonville, Las Vegas, Minneapolis-St. Paul, Tampa-St. Petersburg and Tucson.

The acquisition comprises industrial, warehouse and flex product within the Orlando suburb of Lake Mary, FL.

Prior to this purchase, the New York-based investor owned only one property in Florida.

Southport Financial, one of the largest affordable housing investors in the country, purchased The Sands at St. Lucie in Fort Pierce for $32.2 million.

The firm has hired two industry veterans to facilitate industrial and office investment sale and capital transactions from Atlanta, GA and Orlando, FL.

Orlando hit 7.3 million square feet leased in 2020, which was the most on record for a calendar year.