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Ortsac Capital Group Acquires Winter Garden Multifamily For $123.5M

14680 Westerly Drive
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This MultiFamily property located in FL was sold for $123,500,000 over 2 years ago. The brokers of the deal were Brad Downing, Paul Grant, Brian Kochan, Kyle Schlitt, Matthew (Matt) Williams, and Scott Ramey

The multifamily property located at 14680 Westerly Drive in Winter Garden has been sold for a total of $123,500,000. The property consists of 352 units with an average price per unit of $350,852. The total square footage of the property is 348,801, resulting in a price per square foot of $354.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $123,500,000
  • Units: 352
  • Price Per Unit (PPU): $350,852
  • Square Footage (SF): 348,801
  • Price Per Square Foot (PPSF): $354

The buyer of the property is Ortsac Capital Group, while the sellers are Fore Property Co. and PCCP LLC. The deal was facilitated by brokers Scott Ramey, Brad Downing, and Paul Grant from Newmark. The lender in this transaction is Nationwide Life Insurance Co., and the mortgage brokers involved are Matthew Williams, Brian Kochan, and Kyle Schlitt, also from Newmark.

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Deals
  • Location
    14680 Westerly Drive, Winter Garden, FL, USA14680 Westerly Drive, Winter Garden, FL, USA
  • Sale Price
    $123,500,000$123,500,000
    $354 PPSF$354 PPSF
  • Area
    348,801 SF348,801 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    6 Brokers, 1 Agency6 Brokers, 1 Agency

Agents

Paul Grant

Paul Grant

Deals7
Sold$705.2M

Brian Kochan

Brian Kochan

Deals1
Sold$123.5M

Brad Downing

Brad Downing

Deals6
Sold$670.2M

Kyle Schlitt

Kyle Schlitt

Deals8
Financed$414.9M

Matthew (Matt) Williams

Matthew (Matt) Williams

Deals9
Financed$396.3M

Scott Ramey

Scott Ramey

Deals13
Sold$1.2B

Agency

Newmark

Newmark

Agency
Deals3894
Volume$397.4B

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Deal Summary

SALE IMAGE: Scott Ramey DATE: 12/10/2021 ADDRESS: 14680 Westerly Drive MARKET: Winter Garden ASSET TYPE: Multifamily BUYER: Ortsac Capital Group SELLER: Fore Property Co. & PCCP LLC BROKERS: Scott Ramey, Brad Downing & Paul Grant - Newmark LENDER: Nationwide Life Insurance Co. MORTGAGE BROKERS: Matthew Williams, Brian Kochan & Kyle Schlitt - Newmark SALE PRICE: $123,500,000 UNITS: 352 ~ PPU: $350,852 SF: 348,801 ~ PPSF: $354

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