Orlando

Although new condominium projects are slowing down the search for development sites continues to be very active. Even when developers are not starting new projects, they continue to look for an inventory of buildable sites.

The purchase of Royal Isles brings FCP's multifamily portfolio in Florida to more than 2,000 units.

Although property owners may be inclined to jump at the opportunity to boost their revenues, owners should fully understand all of the deal terms and the potential risks of entering into these kinds of arrangements, he stressed.

The 894-bed Retreat at Orlando student housing complex was sold by a subsidiary of Inland Private Capital on behalf of one of its 1031 investment programs to Preferred Apartment Communities of Atlanta. PAC acquired the property through its wholly-owned subsidiary Preferred Campus Communities, LLC.

The $23-million project will begin with a 200,000-square-foot building and is expected to be delivered at the end of this year. T

The transaction would be structured as a 75-year ground lease between ACC and a Walt Disney World Resort subsidiary.