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Florida multifamily asset trades for $110M


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Florida multifamily asset trades for $110M

The 876-unit Timberlake & The Glades multifamily community near Orlando, Fla., traded hands for more than $110 million, REBusiness Online reported, citing sources familiar with the deal.

GoldOller Real Estate Investments and The Family Office sold the property in Altamonte Springs, Fla., to an undisclosed buyer.

The deal for the 1986-built property is Orlando, Fla.'s largest ever for a multifamily property, according to broker CBRE.