ORLANDO-JRK Property Holdings, a Los Angeles-based owner and operator of over 40,000 multi-housing units, has acquired the 428-unit Gates of Harbortown, a class "AA", high-end apartment complex at 2333 Lake Debra Dr. in the MetroWest area of Orlando from an institutional seller for an undisclosed amount.
The company used its private equity funds to back the acquisition. ARA represented the seller in the deal. At the time of sale, the complex was 94% occupied. For the full story, go to Florida Real Estate Journal.
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