Gary W. Rollins Acquires Oviedo On The Park Multifamily For $94.1M

The Ellington at Oviedo on the Park, a 297-unit apartment community in Seminole County, Florida, has been sold for $94.1 million. The property, located at 234 East Mitchell Hammock Road, is part of the Oviedo on the Park mixed-use development. It spans across 12 acres and features ground-floor retail spaces, including Jinya Ramen Bar and CFS Coffee.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $94,100,000
• Units: 297
• Price Per Unit: $316,835
• Address: 234 East Mitchell Hammock Road
• Market: Oviedo
• Buyer: Gary W. Rollins - Rollins Inc
• Seller: Brand Properties - Brand Morgan
• Brokers: Brian Moulder & Chris Chadbourne - Walker & Dunlop

Connected to Atlanta billionaire Gary W. Rollins, CEO of Rollins Inc, TRR Ellington Investor LLC acquired the Ellington at Oviedo on the Park apartment community.