The Real Deal Miami

Miami-based Aztec Group closes on deal for Kissimmee rental complex

June 21, 2012 12:45PM

Woodside Apartments

Miami-based Aztec Group has closed on a $6.55 million acquisition and bridge loan for the Woodside Apartments multi-family complex in Kissimmee, the firm announced today. The property, which is located at 900 Woodside Circle, was acquired through a partnership between affiliates of Mayan Properties (an affiliate of Aztec) and Tampa-based Blue Rock Partners. The deal was financed through a regional bank with a five-year, non-recourse loan. Blue Rock Partners will oversee the renovation of the project. “Woodside Apartments will undergo a complete renovation program of the unit interiors, as well as the exteriors and grounds,” said Jason Shapiro, managing director at Aztec. — Alexander Britell