ORLANDO-MAA, a real estate investment trust based in Memphis, has acquired an upscale apartment complex in Orlando. The REIT bought the Retreat at Lake Nona, a 394-unit apartment community, for an undisclosed price.
The multifamily property provides various amenities such as a resort-style pool, a basketball court, lighted tennis courts, outdoor grills and business and fitness centers. MAA owns or has ownership stake in 48,828 apartment units all through the US Sunbelt region. For the full story, go to Memphis Business Journal .
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