KRI Partners Purchases 130-Unit Multifamily Property In DeBary From MTK Developments For $24M

The asset sold is a multifamily property located at 2841 Enterprise Road in Debary. The sale transaction amounted to $24,000,000 for the 130-unit build-to-rent community, which was built in 2023 and 98% leased at the time of sale.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $24,000,000
• Units: 130
• Price Per Unit: $184,615
• Buyer: Ken Gee - KRI Partners
• Seller: MTK Developments
• Brokers: Nick Meoli, Joey Blakley & Michael Donaldson - Cushman & Wakefield
• Transaction Date: 08/15/2025

KRI Partners acquired the property known as The Allure on Enterprise from MTK Developments. The transaction was facilitated by the brokerage team from Cushman & Wakefield, consisting of Nick Meoli, Joey Blakley, and Michael Donaldson, highlighting their role as representatives in this deal.