An entity one-third owned by HMG/Courtland Properties Inc. agreed to sell its multifamily residential apartments comprising 240 units in Orlando, Fla., for about $50.3 million.
The apartments, which sit on a 9.5-acre site and comprise a total of about 239,000 net rentable square feet, are being acquired by Cardone Real Estate Acquisitions LLC.
The transaction is slated to close during the first quarter of 2018.
