ORLANDO-ARA, an investment advisory brokerage firm, has closedthe sale of a Class B apartment complex in Orlando. St-Lambert,Canada-based L.S.R. Development has purchased Pine Harbour, agarden apartment community consisting of 366 units, for $31million.

The community comprises single-, double- and triple-bedroomapartments. It was 95% occupied at closing. Kevin Judd, MarcdeBaptiste and Patrick Dufour with ARA negotiated the deal onbehalf of the institutional seller. For the full story, go toFlorida Real Estate Journal .

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