PLK Communities LLC Acquires Harbortown Apartments Multifamily In Orlando For $86.1M

The Harbortown Apartments in Orlando's MetroWest area have been sold for $86.1 million, making it one of the top transactions in the region in 2023. This multifamily property consists of 428 units and is located at 2333 Lake Debra Drive in the thriving market of Orlando.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $86,100,000
• Address: 2333 Lake Debra Drive
• Market: Orlando

The buyer, PLK Communities LLC, represented by Peter Klekamp, acquired the property from LivCor LLC, with Kelly Vohs acting as the seller. The deal was facilitated by broker Ryan Moody of Newmark. Despite economic challenges, the sale of the Harbortown Apartments highlights the ongoing demand in Central Florida's multifamily market. Three subsidiaries of PLK Communities LLC were involved in the purchase, demonstrating their confidence in the region's real estate market.