Preferred Apartment Communities Acquires Multifamily Property In Orlando For $62M

Preferred Apartment Communities has acquired a multifamily property located at 151 Michael Blake Boulevard in Orlando. The property, consisting of 281 units, was sold for a total of $62,000,000. This translates to a price per unit of $220,641. The seller was Catalyst Development Partners and HQ Capital.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $62,000,000
• Units: 281
• Price Per Unit: $220,641
• Buyer: Preferred Apartment Communities
• Seller: Catalyst Development Partners & HQ Capital

The deal was facilitated by brokers Matt Wilcox, Brett Moss, Cole Whitaker, and Tyler Swidler. They represented their respective parties and played a crucial role in the successful completion of the transaction.