ORLANDO—This multifamily deal closed at a price per unit that is higher than any other in Orlando's during this cycle. The Gallery at Mills just traded hands for $66.5 million, or about $215,000 per unit.

JLL Capital Markets international director Jubeen Vaghefi and managing directors Denny St. Romain, Jeff Morris, and Matt Wilcox represented the seller, DeBartolo Development. An institutional investor purchased the 310-unit multifamily asset.

“The Gallery at Mills Park is located in Orlando's trendy, contemporary Mills 50 District, which is quickly attracting today's renter due to its 'live, work, play' status,” says Vaghefi. “Additionally, the asset features the latest apartment finishes and amenities.”

The Gallery at Mills Park is a class AA, infill asset in Downtown Orlando. As part of the 14.5-acre Mills Park mixed-use project, residents are surrounded by restaurants, health/beauty vendors and a Fresh Market grocer.

There's plenty of high-profile multifamily trades happening in Central Florida. Art Avenue Apartment Homes, a new 300-unit luxury multifamily community in Orlando, sold in January for: $47.05 million.

In April, CBRE claimed Central Florida's largest multifamily transaction of 2015. A portfolio of 1,075 multifamily units has traded hands. Affiliates of Dallas- and New York-based Milestone Group and Milestone Apartments Real Estate Investment Trust acquired the assets.

“Central Florida is increasingly becoming a top-tier target for national and global multifamily investors,” Shelton Granade, executive vice President of CBRE Capital Markets, Multifamily, tells GlobeSt.com. “We're hitting on all cylinders—population gains, employment growth, and large infrastructure improvements. That's translating into higher rents and better returns for buyers and owners.”