IMT Capital Acquires Lake Mary Multifamily For $125.1M From Seller Jim Heistand Of Parkway Properties And Buyer's Rep CBRE

Located in Lake Mary, FL, the recently sold multifamily property at 962 Bentstation Lane has changed ownership. The off-market transaction was finalized on October 12, 2022, between the buyer, IMT Capital, and the seller, Jim Heistand of Parkway Properties, along with Mark Walsh and Brett Bossung of Silverpeak. The deal was facilitated by brokers Chip Wooten and Jeff Gray from CBRE.

Summary of transaction details:

• Property Type: Multifamily
• Sale Price: $125,100,000
• Number of Units: 300
• Price per Unit: $417,000

This transaction marks a significant investment in the Lake Mary market, showcasing IMT Capital's confidence in the area's multifamily sector. The sale price of $125,100,000 demonstrates the value attached to this property, with 300 units available for occupancy. The deal was successfully negotiated by CBRE brokers Chip Wooten and Jeff Gray, who worked on behalf of the buyer and seller respectively.