facebook
Traded Co logo
Submit
Daily limit: 0/10

Rreef Property Trust Acquires 247-Unit Multifamily In Maitland From Aventon Cos For $95.4M

Property Image
SOLD
$95,400,000
Chris Chadbourne
Brian Moulder

Florida

See Similar Deals
MultiFamily
Sold 12/03/2024
the dealplayerscompscontact
Property Image
SOLD

Rreef Property Trust Acquires 247-Unit Multifamily In Maitland From Aventon Cos For $95.4M

100 Boucle Jeanne Cir

See Similar Deals
MultiFamily
Sold 12/03/2024
Chris Chadbourne
Brian Moulder
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale

The property asset involved in the transaction is the Aventon Gem Lake Apartments, located at 100 Boucle Jeanne Circle in Maitland, Florida. This multifamily asset comprises 247 units, with a transaction value of $95.4 million, equating to $386,235 per unit.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $95,400,000
  • Units: 247
  • Address: 100 Boucle Jeanne Circle
  • Market: Maitland
  • Price Per Unit: $386,235
  • Buyer: Anne-Marie Vandenberg - Rreef Property Trust
  • Seller: Thomas Keady - Aventon Cos.
  • Brokers: Brian Moulder & Chris Chadbourne - Walker & Dunlop

The transaction was facilitated by brokers Brian Moulder and Chris Chadbourne from Walker & Dunlop. Rreef Property Trust, represented by Anne-Marie Vandenberg, successfully acquired the property from Aventon Cos., with Thomas Keady acting as the seller.

Players

Brian Moulder
Walker & Dunlop
Brian Moulder
17 deals$1.3B volume(904) 718-8222
BROKER
Chris Chadbourne
Walker & Dunlop
Chris Chadbourne
8 deals$779.8M volume
BROKER

Details

SOLD
IMAGE: Chris Chadbourne, Brian Moulder, Anne-Marie Vandenberg & Thomas Keady DATE: 12/03/2024 ADDRESS: 100 Boucle Jeanne Circle MARKET: Maitland ASSET TYPE: Multifamily BUYER: Anne-Marie Vandenberg - Rreef Property Trust SELLER: Thomas Keady - Aventon Cos. BROKERS: Brian Moulder & Chris Chadbourne - Walker & Dunlop (@WalkerDunlop) SALE PRICE: $95,400,000 UNITS: 247 ~ PPU: $386,235 NOTE: Rreef Property Trust acquired the 247-unit Aventon Gem Lake Apartments in Maitland, Fla., for $95.4 million, or $386,235 per unit. The property, sold by Aventon Cos., includes a range of amenities such as a swimming pool, fitness center, and pet areas.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$5,088,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$338,936.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$452,244.67
Annual Debt Service$5,426,936.05