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949 Crowsnest Circle
SOLD

Eagle Property Capital Acquires Windrift Multifamily Property In Orlando For $48.5M

949 Crowsnest Circle

MultiFamily
clock iconSold 272 days ago
Shelton Granade
Luke Wickham
Justin Basquill
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Summary

Sale
FLORIDA
MultiFamily

Eagle Property Capital has purchased the Windrift multifamily property in Orlando, Florida for $48.5 million. The property, located at 949 Crowsnest Circle, consists of 288 units, with a per unit price of $168,403. The sale was facilitated by Marcus & Millichap's Institutional Property Advisors, with Shelton Granade, Luke Wickham, and Justin Basquill from the agency handling the transaction. The seller, Bridge Investment Group, was represented by Robert Morse.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $48,500,000
  • Address: 949 Crowsnest Circle
  • Market: Orlando
  • Buyer: Eagle Property Capital - Rodrigo Conesa
  • Seller: Bridge Investment Group - Robert Morse
  • Brokers: Shelton Granade, Luke Wickham, and Justin Basquill - Institutional Property Advisors - Marcus & Millichap Florida
  • Units: 288
  • Price per Unit: $168,403

The acquisition of the Windrift multifamily property by Eagle Property Capital was driven by several factors. Orlando's robust job market, value-add potential, and the property's proximity to dining, entertainment, and retail options were key considerations in the purchase decision. The transaction underscores the ongoing interest in Orlando's real estate market and the confidence investors have in its growth prospects.

Players

  • All

    4

  • Agents

    3

  • Agencies

    1

Shelton Granade's profile picture
Shelton Granade
Marcus & Millichap-image
Executive Managing Director Investments
$1.2B Sold

Details

Deal Summary
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SOLD
IMAGE: Justin Basquill, Robert Morse, Luke Wickham, Rodrigo Conesa & Shelton Granade DATE: 09/25/2023 ADDRESS: 949 Crowsnest Circle MARKET: Orlando ASSET TYPE: Multifamily BUYER: Eagle Property Capital - (@epcinvest) - Rodrigo Conesa (@rodrigo.conesa) SELLER: Bridge Investment Group - Robert Morse BROKERS: Shelton Granade, Luke Wickham (@lukewickham) & Justin Basquill - Institutional Property Advisors - Marcus & Millichap Florida (@marcusmillichap_fl) SALE PRICE: $48,500,000 UNITS: 288 ~ PPU: $168,403 NOTE: Eagle Property Capital has purchased the Windrift multifamily property in Orlando, Florida, for $48.5 million, facilitated by Marcus & Millichap’s Institutional Property Advisors. The acquisition was driven by Orlando's robust job market, value-add potential, and its proximity to dining, entertainment, and retail options.

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Address949 Crowsnest Circle

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