Trion Properties Acquires Altamonte At Spring Valley Multifamily For $49.1M

Altamonte at Spring Valley, a 250-unit multifamily community located at 693 Wymore Rd, Altamonte Springs, was acquired by Trion Properties for $49.1 million. The property, built in 1974, features 250 one- and two-bedroom apartments with an average size of 924 square feet. Community amenities include two pool decks with grills and cabanas, a sports and tennis court, fitness center, and a dog park. At the time of the sale, the community was 99 percent occupied, situated 9.4 miles north of Orlando and 29.2 miles from Orlando International Airport.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $49,100,000.00
• Address: 693 Wymore Rd, Altamonte Springs, FL
• Market: Altamonte Springs
• Seller's Representative: Paul Grant, Newmark
• Buyer: Trion Properties

Ryan Moody and Scott Ramey, along with Paul Grant from Newmark, represented the undisclosed seller during this transaction. The acquisition of the multifamily community reflects Trion Properties' strategic investment in the Altamonte Springs market.