Regions Southeast
$118M Two-Property Multi-Family Sale Largest in Orlando This Year
Aug 29, 2008

LaPalazza at Metro West and The Cottages at Hunter's Creek, two premier Orlando apartment communities with a total of 1,042 residences, have sold for $118 million. TA Associates Realty bought the assets from Trimont Real Estate Advisors in the largest multi-family sale of 2008 to date. LaPalazza is a 510-unit garden-style apartment complex located at 2450 Lake Debra Dr., just minutes from The Universal Orlando Resort Theme Park. The Cottages, a gated community saddled between Walt Disney World and the Orlando International Airport, occupies a 28-acre parcel at 13300 Colony Square Dr. and features 532 residences. Jones Lang LaSalle's Capital Markets team orchestrated the transaction.

 
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