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CushWake Arranges $101M Sale of Central Florida MF Portfolio

Cushman & Wakefield has brokered the sale of a five-property multifamily portfolio totaling 1,011 apartment units in Orlando and Tampa. The sales price was $101.2 million.

The sellers, Amzak Capital Management and The Focus Group, had invested $9 million in recent capital expenditures and renovated approximately half of the units in the portfolio. The locations of the properties were not disclosed.

Mike Donaldson and Nick Meoli of Cushman & Wakefield represented the sellers in the transaction. Privately held real estate investment and management firm DASMEN Residential acquired the portfolio. DASMEN entered Florida last year with the Orlando on the Lake apartment community, of which Donaldson and Meoli arranged the sale.

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Inside The Story

CushWake’s Donaldson

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

  • ◦Acquisition
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