Orlando

Ortsac Capital Group is buying the 352-unit property from Fore Property and PCCP..

South Florida has long been a landing pad for Northeasterners, but new demand is flourishing in Tampa, Orlando and Jacksonville.

There is already a dearth of developable land, and new demand from BTR developers is pushing land prices higher.

Investors are shedding properties before the clock strikes 2022 to avoid any potential changes to the capital gains tax law next year.

A recent survey from National Association of Homebuilders found that 76% of builders are facing low land supply, a new record.

Harbor Group Management was the seller of the 234-unit garden-style community.

Year-to-date, the REIT has acquired 625,000 square feet in medical office properties totaling $183 million.

The Orlando market has become the poster city for corporate relocation thanks to an attractive cost of living and large talent pool.