OpenStreet Capital Acquires 11.4 Acres Multifamily Property In Orlando For $129M

OpenStreet Capital, LLC has acquired a multifamily property located at 7488 Universal Boulevard in Orlando. The property, spanning 11.4 acres, was sold by Legacy Partners, Phoenix Capital Management, LLC, and Silverpeak Real Estate Partners for a total of $129,000,000. With 350 units, the purchase price per unit amounts to $368,571.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $129,000,000
• Address: 7488 Universal Boulevard
• Market: Orlando
• Acres: 11.4

The deal was brokered by Scott Ramey, Patrick Dufour, Brad Downing, and Paul Grant from Newmark. They represented both the buyer, OpenStreet Capital, LLC, and the seller, Legacy Partners, Phoenix Capital Management, LLC, and Silverpeak Real Estate Partners. The acquisition of this multi-family property marks a significant transaction in Orlando's real estate market.