Conti Capital Acquires Multifamily Property In Orlando For $107M

The multifamily property located at 2680 N Orange Avenue in Orlando has been sold in a closed transaction. The sale took place on 12/20/2022, with a total sale price of $107,000,000. The property consists of 285 units, resulting in a price per unit (PPU) of $375,439. The buyer in this transaction is Conti Capital, represented by Carlos Vaz. The seller is Craig Ustler, who is part of the Ustler Group of Cos. and Wood Partners.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $107,000,000
• Units: 285
• Price Per Unit (PPU): $375,439

Carlos Vaz, representing Conti Capital, played a key role as the buyer in this transaction. On the other hand, Craig Ustler, affiliated with both the Ustler Group of Cos. and Wood Partners, acted as the seller. The sale of this multifamily property marks a significant deal in the Orlando market.