January 5, 2021
Preferred Apartment Communities has acquired The Blake, a 281-unit apartment property in Orlando’s Winter Springs submarket. The sales price was $62 million.
Located at 151 Michael Blake Blvd., the property is within the Winter Springs Town Center mixed-use community. The Blake features one-, two- and three-bedroom units ranging from 698 square feet to 1,374 square feet. Amenities include a resort-style swimming pool, outdoor fire pit, 24-hour fitness club, a clubroom with billiards and gaming as well as co-working spaces, a dog spa and immediate access to the 27-mile Cross Seminole Trail.
Matt Wilcox, Brett Moss, Cole Whitaker and Tyler Swidler of Berkadia represented the sellers, Catalyst Development Partners and HQ Capital, in the transaction.
For comments, questions or concerns, please contact David Cohen
Tags: Apartments & Multifamily