Thomas P. Kelly And Heitman Capital Management Acquire Multifamily Complex In Kissimmee For $120.5M

A 300-unit multifamily complex with 9,512 square feet of retail space in Celebration’s Island Village, located at 1800 Island Village Way, Kissimmee, has been sold for $120.5 million on March 28, 2025. The asset was acquired by Comref Island Village LLC, associated with Thomas P. Kelly, along with Heitman Capital Management.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $120,500,000
• Units: 300
• Price Per Unit: $401,667
• Seller: Steven DeFrancis - Cortland
• Brokers: Brian Moulder & Chris Chadbourne - Walker & Dunlop

The deal featured significant involvement from broker representatives Chris Chadbourne and Brian Moulder, who facilitated the transaction for the seller, Cortland. The partnership between Kelly and Heitman Capital Management played a crucial role in the acquisition of this property.