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Aventura-based Advenir pays $27 million for Orlando apartment community

July 26, 2012 09:45AM

Aventura-based multi-family investor Advenir has paid $27.1 million for the Polos East at Waterford apartment community in Orlando’s Waterford Lakes area. The name on the 308-unit community has been changed to Advenir at Polos East. Advenir has acquired more than 2,300 multi-family units in the last year. “We were attracted to Advenir at Polos East because of the significant value to replacement cost, strong market fundamentals and clear value-add potential,” said Todd Linden, chief acquisition officer at Advenir. — Alexander Britell