WINTER PARK, FL-Atlanta-based Apartment Realty Advisors is expanding its Florida operations with the opening of an Orlando office at 400 Park Ave. South. The company's Florida operations are based in Boca Raton, but it also has an office in Tampa.
The new office is part of the company's growth strategy initiated earlier this year. The company hopes to capitalize on the strong demographics in the Orlando area, which has been experiencing positive population and job growth.
"Strong in-migration throughout the Florida market has resulted in an extended period of dynamic growth," says ARA COO Ken Krasnow. "In the rental community, there's been a push to the north, northeast and western parts of the state.
ARA has had a presence in the Central Florida/Orlando area for years, closing nearly $1.4 billion in transaction volume between 2005 and 2007. Central Florida clients include TIAA/CREF, Falcone Group, Broad Street Partners, Madison Realty Investors, Camden Property Trust and Bainbridge Communities.
The Orlando office will be led by senior vice president Kevin Judd, who joined the company in 1999 with a focus on the Greater Orlando and South Florida markets. In his time with the company, he has been involved with over $2 billion in multifamily sales throughout the state.
The company's future plans include expanding its Tampa office and establishing a physical presence in Jacksonville.
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