Daryl J. Carter Of Avanath Capital Management Acquires 336-Unit Mixed-Use Community In Orlando For $73.5M

The property involved in the transaction is a mixed-use asset located at 8413 Valencia Village Lane in Orlando. The sale price of the property was $73,500,000 for a total of 336 units, resulting in a price per unit of $218,750. The asset is characterized as a mixed-income apartment community situated near downtown Orlando.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $73,500,000
• Buyer: Daryl J. Carter
• Company: Avanath Capital Management
• Units: 336
• Price Per Unit: $218,750

Daryl J. Carter, representing Avanath Capital Management, has acquired the Retreat at Valencia. This investment marks the firm's seventh acquisition in Orlando. The firm intends to maintain affordability for half of the units while operating the remaining units at market rates, employing its nearby portfolio of approximately 900 units to enhance services and amenities for residents.