ORLANDO-Atlanta-based ARA just closed back-to-back multifamilydeals. The investment advisory brokerage closed the sale of Gatesof Harbortown in Orlando and Woodbridge Apartments in nearby WinterPark.
ARA principal Kevin Judd, principal Richard Donnellan, and vicepresident, Patrick Dufour, represented an institutional seller inthe Harbortown deal. Judd, Dufour and ARA principal Marc deBaptisterepresented Midland Loan Services in the Woodbridge Apartmentssale.
“Both properties were sold to private buyers looking for avalue-add opportunity,” Judd tells GlobeSt.com. “Activity inCentral Florida’s multifamily market is definitely picking up thisyear. We have a few more transactions should close before the endof the year.”
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