Retreat At Sunset LLC Purchases Multifamily Complex From Arthur Falcone For $88.5M In Kissimmee

The multifamily asset, Retreat at Sunset Walk, located at 8050 Fins Up Circle in Kissimmee, spans 18 acres. It comprises 352 units and was sold for $88.5 million, equating to approximately $251,420 per unit. The complex, built three years ago, offers rents starting at $1,646 and includes amenities such as a pool, coworking spaces, and a pet spa.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $88,500,000
• Units: 352
• Price Per Unit: $251,420
• Buyer: Retreat at Sunset LLC
• Seller: Arthur Falcone - Falcone Group
• Market: Kissimmee
• Acres: 18

In this transaction, Retreat at Sunset LLC acquired the property from Arthur Falcone, representing Falcone Group, marking an important development in the local multifamily housing market.