RK Properties Acquires 296-Unit Multifamily Asset In Orlando For $66M

The multifamily property located at 13645 East Colonial Drive in Orlando has been sold for a total price of $66,000,000. The transaction took place on 10/15/2020. The property consists of 296 units, with a price per unit (PPU) of $222,973.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $66,000,000
• Units: 296
• Price per Unit (PPU): $222,973
• Market: Orlando

The buyer in this transaction is RK Properties, while Catalyst Multifamily Management and The Carlyle Group are the sellers. The deal was facilitated by the brokers Scott Ramey, Erik Bjornson, and Patrick Dufour from NKF.