Dasmen Residential Acquires Lohman Apartments Multifamily In Orlando For $18M

The multifamily property located at 701 South Ivey Lane in Orlando has been sold in a recent transaction. The sale was facilitated by Mike Donaldson and Nick Meoli from Cushman & Wakefield on behalf of the seller, Lohman Apartments. The buyer, Dasmen Residential represented by Michael Katz, acquired the property for a total price of $18,000,000. The property spans a total area of 151,230 square feet, resulting in a price per square foot of $119. It consists of 189 units, with an average price per unit of $95,238.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $18,000,000
• Address: 701 South Ivey Lane, Orlando
• Market: Orlando
• Buyer: Dasmen Residential - Michael Katz
• Seller: Lohman Apartments
• Brokers: Mike Donaldson & Nick Meoli - Cushman & Wakefield
• Square Footage: 151,230
• Price per Square Foot: $119
• Units: 189
• Price per Unit: $95,238

The involvement of Dasmen Residential, represented by Michael Katz, as the buyer and Lohman Apartments as the seller, highlights the key individuals and companies in this transaction. The sale was facilitated by Mike Donaldson and Nick Meoli from Cushman & Wakefield. It is worth noting that the sale of this multifamily property represents a significant deal in the Orlando market.