ORLANDO—It's one of the largest multifamilycomplex sales in Greater Orlando this year. Sun Key Apartment inWinter Park, FL just traded for $57.7 million.

CBRE's Shelton Granade, LukeWickham, and Justin Basquill representedthe seller, a controlled affiliate of Starwood CapitalGroup, a leading global private investment firm thatpurchased the property in September 2010. BC PropertyInvestments acquired the 596-unit luxury apartmentcommunity in the Orlando suburb.

“As one of the year's largest such transactions in Orlando, thisacquisition exemplifies the strength of Central Florida'smultifamily market,” says Granade, executive vice president of CBRECapital Markets, Multifamily. “Rents are on the upswing in thishigh-barrier-to-entry location, and this desirable entry pointproperty is likely to generate additional returns through modestproperty enhancements and further market improvement.”