Ortsac Capital Group Acquires Winter Garden Multifamily For $123.5M

The multifamily property located at 14680 Westerly Drive in Winter Garden has been sold for a total of $123,500,000. The property consists of 352 units with an average price per unit of $350,852. The total square footage of the property is 348,801, resulting in a price per square foot of $354.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $123,500,000
• Units: 352
• Price Per Unit (PPU): $350,852
• Square Footage (SF): 348,801
• Price Per Square Foot (PPSF): $354

The buyer of the property is Ortsac Capital Group, while the sellers are Fore Property Co. and PCCP LLC. The deal was facilitated by brokers Scott Ramey, Brad Downing, and Paul Grant from Newmark. The lender in this transaction is Nationwide Life Insurance Co., and the mortgage brokers involved are Matthew Williams, Brian Kochan, and Kyle Schlitt, also from Newmark.