The Beach Co. Acquires Multifamily Property In Orlando For $58.5M

The multifamily property located at 6315 Westgate Drive in Orlando has been sold for a price of $58,500,000. The transaction took place on December 13, 2022. The property consists of 260 units, with each unit having a price per unit (PPU) of $225,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $58,500,000
• Units: 260
• Price per unit (PPU): $225,000
• Address: 6315 Westgate Drive, Orlando

The buyer of the property is The Beach Co., while the seller is Horizon Realty Advisors. The buyer was represented by Niko LeVigne and Darby Parker from Beach Real Estate Funds. On the other hand, the seller was represented by Shelton Granade from Institutional Property Advisors.