Ric Campo Of Camden Property Trust Acquires Solaya Multifamily In Orlando For $65.9M

The property involved in this transaction is a multifamily asset located at 11833 Westwood Boulevard in Orlando. The sale price was $65,900,000 for a 322-unit community known as Solaya, which is being rebranded as Camden Lake Buena Vista. This garden-style community covers an area of 16 acres and consists of eight four-story buildings, offering amenities such as a pool, fitness center, clubhouse, and lakeside cabanas.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $65,900,000
• Units: 322
• Price Per Unit: $204,658
• Buyer: Ric Campo - Camden Property Trust
• Seller: Richard Schechter - Bainbridge Companies

Ric Campo represented Camden Property Trust in this acquisition, while Richard Schechter represented Bainbridge Companies in the sale. The transaction reflects a strategic move in the multifamily market within the Orlando area.