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Florida & Gulf Coast  + Central Florida  + Apartments  |  July 7, 2022
Terra Equity Group has purchased Park at Collington and Park at Highgate apartment communities in Orlando, FL for $91 million.
Lisa McDuffie
By: Lisa McDuffie

Terra Equity Group Lands Two Orlando Multifamily Communities for $91M

KeyBank Real Estate Capital has secured a $70-million interim loan facility in support of the acquisition and renovation of a two-multifamily portfolio in Orlando, FL by Terra Equity Group. The total acquisition cost of the properties was $91.1 million ($169,000 per unit).

Alan Isenstadt of KeyBank Real Estate Capital structured the interest-only loan with a three-year term with the possibility of a one-year extension.

Park at Collington and the Park at Highgate are 1990s-vintage garden-style multifamily properties that together comprise 536 one-, two-, and three-bedroom units. Amenities include swimming pools, laundry facilities, and balconies/patios.

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KeyBank Real Estate Capital

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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