ORLANDO—As Orlando's multifamily market continues to turninvestor heads, some owners are finding it's prime time to executetheir exit strategy. Los Angeles-based Karlin Real Estate just soldVista Verde Apartments for $22.2 million.
Located at 1658 South Hiawassee Road in Orlando, the 200-unitluxury multifamily community is 97% occupied. It was built in 1990.CBRE represented Karlin. Shelton Granade, Luke Wickham, and JustinBasquill led the sales effort.
"Orlando has experienced the best employment growth rate in thecountry year to date, which is helping to boost apartment rents andinvestor interest in multifamily investments in Central Florida,”Granade tells GlobeSt.com. He's reporting interest from a “diverseand deep pool” of investors, particularly on well-located assetslike Vista Verde.”
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