SOLD
Venterra Realty Acquires The Grove At Clermont Apartments For $80.4M
16551 Lake Trail Drive
MultiFamily
Sold 200 days ago
Summary
Sale
INDIANA
MultiFamily
The Grove at Clermont apartments, located at 16551 Lake Trail Drive in Clermont, has been sold for $80.4 million. The multifamily property consists of 288 units, with an average price per unit of $279,167. The sale took place on October 6, 2023.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $80,400,000
- Units: 288
- Price Per Unit: $279,167
Venterra Realty, represented by John Foresi, acquired The Grove at Clermont from Penler. Newmark brokers Scott Ramey, Brad Downing, and Paul Grant facilitated the transaction.
The acquisition of The Grove at Clermont aligns with Venterra Realty's growth strategy, as it expands its presence in the rapidly growing area of Clermont, which is just 30 minutes away from Orlando. The property offers strategic value in a sought-after location, appealing to Venterra Realty as it strengthens its foothold in the market.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Scott Ramey, Graham Carpenter, Paul Grant, John Foresi & Brad Downing
DATE: 10/06/2023
ADDRESS: 16551 Lake Trail Drive
MARKET: Clermont
ASSET TYPE: Multifamily
BUYER: Venterra Realty (@VenterraRealty) - John Foresi
SELLER: Penler - Graham Carpenter
BROKERS: Scott Ramey, Brad Downing (@BradDowning) & Paul Grant - Newmark (@Newmark)
SALE PRICE: $80,400,000
UNITS: 288 ~ PPU: $279,167
NOTE: VR Clermont Limited Partnership, linked to Venterra Realty, purchased The Grove at Clermont apartments for $80.4 million. The 288-unit community, completed this year in Clermont, offers strategic value in a rapidly growing area, appealing to Venterra Realty as it expands its foothold just 30 minutes from Orlando.View on map
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Address16551 Lake Trail Drive
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