Privately-owned real estate investor Goldrich Kest has acquired Highpoint Club Apartments, a 348-unit multifamily community in Orlando. The sales price and seller was not disclosed.
The garden-style property consists of one- and two-bedroom units that range in price from $1075 to $1480. Features include modern kitchens, stainless steel appliances, washers and dryers, wood-style flooring and sunrooms in every apartment. Amenities include a resort-style pool with cabanas, internet cafe with computers and coffee bar, illuminated basketball and tennis courts, fitness center, dog park, BBQ and picnic areas, 86 private residential garages and controlled-access entry gates.
“We are delighted to mark our first East Coast endeavor smack dab in the middle of the Sunshine State,” said Michael Drandell CEO at Goldrich Kest. “Highpoint Club Apartments is one of the most desirable multi-residential properties in Orlando and located in close proximity to many restaurants, shopping destinations including the Waterford Lakes retail district, and internationally recognized attractions including Disney World and Universal Studios theme parks. Goldrich Kest plans to substantially improve the property by renovating unit interiors and improving amenities and common spaces.”
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.
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