ORLANDO-Sundance, a 300-unit apartment community in Clermont,has sold for $23.6 million. Located on John Lake Rd., the propertywas constructed in 2002 and is 96% occupied.

Cole Whitaker, head of the Southeast Division of Hendricks &Partners, an apartment property sales and research firm negotiatedon behalf of the seller, Capreit Apartment Homes, a Rockville,MD-based owner and manager of multifamily housing communities. Thebuyer was Sundance Clermont, LLC, an entity affiliated withDallas-based Westdale, a multifamily property management firm.

“The buyer felt comfortable that there’s not going to be newmultifamily construction occurring in Clermont for quite a whiledue to both the local and county government positions onmultifamily,” Whitaker tells GlobeSt.com. The City of Clermont shutdown multifamily development that offers more than eight units anacre after the housing boom.