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Avison Young Brokers $43M MF Sale in Orlando
Azul Baldwin Park, a 178-unit, apartment community in Orlando, FL, has traded hands for $43.25 million. The buyer was California-based Palm Heights LLC, while the seller was Jefferson Apartment Group.
Avison Young’s Peter Sherman and Rosendo Caveiro represented the buyer. Walker & Dunlop advised the seller.
“Built in 2014 on 4.04 acres at 4460 Lower Park Road, Azul Baldwin Park stands out for its unique boutique hotel architecture and its pioneering status as the first LEED-certified community in the greater Orlando region,” says Caveiro.
Sherman says, “The acquisition of Azul Baldwin Park was for a 1031 exchange. As we were selling the down leg property, we worked closely and tirelessly together with our client to further build upon their strategy of acquiring institutional properties in select growth markets like Orlando, where we feel strongly about the future demand drivers.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition

