Preferred Apartment Communities Acquires Multifamily Property In Orlando For $62M
151 Michael Blake Boulevard
MultiFamily
1,374 SF
1,374 SF
+ 2
Summary
Preferred Apartment Communities has acquired a multifamily property located at 151 Michael Blake Boulevard in Orlando. The property, consisting of 281 units, was sold for a total of $62,000,000. This translates to a price per unit of $220,641. The seller was Catalyst Development Partners and HQ Capital.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $62,000,000
- Units: 281
- Price Per Unit: $220,641
- Buyer: Preferred Apartment Communities
- Seller: Catalyst Development Partners & HQ Capital
The deal was facilitated by brokers Matt Wilcox, Brett Moss, Cole Whitaker, and Tyler Swidler. They represented their respective parties and played a crucial role in the successful completion of the transaction.
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151 Michael Blake Boulevard
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