RK Properties Acquires CODA Apartments From The Carlyle Group In Orlando For $66M

The property involved in the transaction is CODA Apartments, a 296-unit multifamily community located at 13645 E Colonial Drive, Orlando, FL. The asset features studio, one- and two-bedroom floor plans. It includes communal amenities such as a business center, 24-hour fitness center, clubhouse, conference room, pool, sundeck, and a game room. The property was sold for $66,000,000.00.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $66,000,000.00
• Address: 13645 E Colonial DR, Orlando, FL, 328...
• Market: Orlando
• Seller's Rep: Scott Ramsey(NKF)
• Buyer: RK Properties
• Seller: The Carlyle Group

Scott Ramsey, Erik Bjornson, and Patrick Dufour of Newmark Knight Frank (NKF) represented the sellers, Catalyst Multifamily Management and The Carlyle Group, in the transaction. RK Properties, based in Long Beach, California, acquired the asset, which was delivered by the sellers in 2019.