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ORLANDO-CB Richard Ellis has negotiated the sale of twoapartment communities in Orlando MSA for an amount of $74,725,000.The two apartment communities, Highland Oaks and Patterson Court,were sold to different buyers in separate deals.

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Patterson Court, constructed in 2008, includes 384 unitscomprising single-, double- and triple-bedroom floors. HighlandOaks, built in 1992, was 93% occupied at the time of closing.Brokers from Central Florida Multi-Housing Group of CBRE negotiatedthe deal on behalf of the seller. For the full story, go toFlorida Real EstateJournal.


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