Advenir Acquires Multifamily Property In Clermont From Investcorp For $38.6M

The multifamily property located at 13600 Hartle Groves Place in Clermont was sold in a transaction involving buyers Stephen Vecchitto, David Vecchitto, David Quintero, and Matt Zaverucha from Advenir, and the seller Investcorp. The sale, facilitated by brokers Shelton Granade and Justin Basquill from Marcus & Millichap, amounted to $38,600,000. The property comprises 240 units with a price per unit of $160,833 and spans 257,750 square feet, equating to a price per square foot of $150.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $38,600,000
• Units: 240
• Price per Unit: $160,833
• Square Footage: 257,750
• Market: Clermont
• Buyer: Stephen Vecchitto, David Vecchitto, David Quintero & Matt Zaverucha - Advenir
• Seller: Investcorp
• Brokers: Shelton Granade & Justin Basquill - Marcus & Millichap

The transaction involved notable figures such as David Quintero, Justin Basquill, David Vecchitto, Matt Zaverucha, Stephen Vecchitto, and Shelton Granade, showcasing their active involvement in the real estate deal. Advenir, the purchasing entity, made a significant investment in the Clermont market through this acquisition, adding to their real estate portfolio in the region.