Regions Southeast | Orlando
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.
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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