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Florida & Gulf Coast  + Central Florida  + Apartments  |  December 21, 2022
Beach Real Estate Funds, LLC has completed the $58.5-million acquisition of Marina Landing apartments in the MetroWest neighborhood of Orlando, FL.
Lisa McDuffie
By: Lisa McDuffie

Beach Real Estate Funds Acquires $59M Community in Orlando’s MetroWest

Charleston, SC-based Beach Real Estate Funds, LLC has completed the $58.5-million acquisition of Marina Landing, a 260-unit garden-style multifamily community in the MetroWest neighborhood of Orlando, FL.

Beach Real Estate Funds, LLC, an affiliate of The Beach Company, assumed the in-place fixed-rate Freddie Mac loan to finance the purchase. Shelton Granade of Institutional Property Advisors facilitated the sale on behalf of the seller while Parker and Niko LeVigne represented Beach Real Estate Funds, LLC. CBRE assisted with the loan assumption.

“Marina Landing presented an opportunity to purchase a property with attractive assumable financing in the rapidly expanding Central Florida market,” said Darby Parker, acquisitions manager at The Beach Company, a residential and commercial real estate brokerage, development and property management company. “By assuming the current fixed-rate debt, we avoid negative leverage, and all but eliminate interest rate risk.”

Photo courtesy of The Beach Company, LLC

Read More News Stories About: CBRE
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Inside The Story

The Beach Company's Parker

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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