Grand Peaks Properties Inc. Acquires Orlando Multifamily For $90M

The sale of a multifamily property in Orlando has recently closed. The property, located at 13501 Meadow Creek Dr, spans across 34.6 acres. The transaction took place on 03/07/2022, and the buyer of the property is Grand Peaks Properties Inc., represented by Luke Simpson. The seller of the property is Walt Disney Parks & Resort. The deal was facilitated by CBRE, serving as the broker.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $90,000,000
• Address: 13501 Meadow Creek Dr
• Market: Orlando
• Buyer: Grand Peaks Properties Inc. - Luke Simpson
• Seller: Walt Disney Parks & Resort
• Broker: CBRE

The sale of this multifamily property consisted of a total of 468 units, resulting in a price per unit of $192,308. The transaction represents a significant investment in the Orlando real estate market, showcasing the demand for multifamily properties in the area.