Maury Tognarelli Of Heitman Acquires 300-Unit Multifamily Community In Celebration For $120.5M

The Colburn is a multifamily asset located at 2195 Celebration Boulevard in Celebration, Florida. The property was sold for $120.5 million and comprises 300 units, with a price per unit of $401,667. The apartment community offers one- to three-bedroom units and amenities including a resort-style pool and a fitness center, along with convenient access to Disney World.

Summary of transaction details:

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

This transaction involved Maury Tognarelli representing Heitman in acquiring a significant asset from Steven DeFrancis of Cortland Partners. The brokerage team, comprised of Brian Moulder and Chris Chadbourne from Walker & Dunlop, facilitated this transaction, contributing special insights and support throughout the deal process.