Bob Hart And Matt Ferrari Of TruAmerica Multifamily Acquire Grand At Westside Apartments For $81M

The Grand at Westside Apartments, a 336-unit multifamily complex situated on 19 acres at 3250 Douglas Grand Drive in Kissimmee, FL, was acquired for $81,000,000. The property, built in 2015, features a price per unit of $241,071 and is located in a growing market area.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $81,000,000
• Buyer: Bob Hart & Matt Ferrari - TruAmerica Multifamily
• Brokerage: Alex Kupp, Charles Crapse, Denny St. Romain, Jubeen Vaghefi & Scott Peek - CBRE
• Lender: Walker & Dunlop
• Units: 336
• Acres: 19
• PPU: $241,071

TruAmerica Multifamily's acquisition marks its 19th property in the Orlando area since 2017. The complex is set to undergo unit and amenity upgrades, highlighting the firm's commitment to enhancing the asset following the transaction.