PRG Real Estate sold the Sawgrass Apartments, located at 2859 S Conway Road in Orlando, FL. The property was sold to McKinley for $50 million.

The property includes a private gated community, a lakeside dining area with gas grill stations and lounges, a brick sundeck and swimming pool, a state-of-the-art fitness center, a pet Bark Park, a car care center and electric vehicle charging stations.

PRG Real Estate infused nearly $2.5 million in capital improvements since acquiring the asset in 2008. The garden asset comprises two- and three-story residential buildings, united by a lake at the community's central interior. The 208-unit community offers rentals ranging from 658-square-foot studios to 1,117-square-foot three-bedroom homes with private outdoor terraces. Select interiors are equipped with vaulted ceilings, wide plank oak-style flooring, stainless steel appliances, white European-style cabinetry, brushed nickel hardware, fireplaces and outdoor storage.