East Hill Capital Partners, The Bascom Group, And Leste Group Acquire Multifamily Property In Orlando For $68.5M

The Enclave at Lake Ellenor, a multifamily property located at 2100 W Oak Ridge Rd in Orlando, has been sold for a price of $68,500,000. The transaction was completed on December 23, 2021. The property consists of 320 units with an average price per unit of $214,063. The total square footage of the property is 277,000, with a price per square foot of $247. The sale was facilitated by Shelton Granade of Institutional Property Advisors acting as the broker.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $68,500,000
• Units: 320
• Price per Unit: $214,063
• Square Footage: 277,000
• Price per Square Foot: $247
• Address: 2100 W Oak Ridge Rd, Orlando
• Market: Orlando

The buyer in the transaction was a partnership between East Hill Capital Partners, The Bascom Group, and Leste Group, represented by Duff Bedrosian from East Hill Capital Partners. The seller of the property was American Landmark Apartments. The successful completion of the sale highlights the strong demand for multifamily properties in the Orlando market.