Orlando-area apartment complex commands more than $110M

Brokerage firm CBRE, which arranged the deal on behalf of the seller, says it was the highest-priced sale of its kind in the Orlando area's history

TRD MIAMI /
Aug.August 11, 2018 03:30 PM

Timberlake & The Glades apartment complex (Credit: Digglane.com)

An 876-unit apartment complex in the Orlando area sold for more than $110 million, REBusiness Online reported.

Brokerage firm CBRE did not disclose the identity of the buyer or the sale price but said the transaction was the highest-priced sale of a multifamily housing property in the Orlando area’s history.

The apartment complex, called Timberlake & The Glades, is in Altamonte Springs, about 10 miles north of Orlando. Common-area amenities include four swimming pools, two tennis courts and two gyms. The property is within walking distance of multiple restaurants and a shopping center anchored by a Publix grocery store.

Timberlake & The Glades are two contiguous phases of a rental housing development that opened in 1986.

The seller is a partnership of GoldOller Real Estate Investments and The Family Office.

Shelton Granade, Luke Wickham and Justin Basquill of CBRE arranged the transaction on behalf of the seller. [REBusiness Online] – Mike Seemuth


Related Articles

arrow_forward_ios

Construction of downtown Hollywood high-rise may start soon

Jeffrey Epstein commits suicide by hanging himself in his Manhattan jail cell

Miami developer Dan Kodsi plans large St. Petersburg project that could cost $2B

South Florida firm buys Sunrise apartment complex for $20.2M

Home owned by late Miami Marlins pitcher Jose Fernandez is in foreclosure

Developer borrows $105M, breaks ground for mixed-use Flagler Village project

PB Gardens condo community seeks yet another contractor to repair its buildings

Pompano upzones Ocean Boulevard site for 19-story condo next to city park

arrow_forward_ios