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Florida & Gulf Coast  + Central Florida  + Apartments  | 
Alta East Shore apartments in Apopka, FL

Berkadia Arranges $86M Sale of New Multifamily in Orlando Suburb

Berkadia has completed the $86.2-million sale of Alta East Shore, 285-unit, garden-style community constructed in 2021 in the Orlando, FL suburb of Apopka.

Brett Moss, Matt Wilcox and Tyler Swidler of Berkadia Orlando represented the seller, Wood Partners. RK Properties acquired the property.

“We continue to be impressed with the exceptional performance and lease-up metrics we are witnessing on new multifamily developments like Alta East Shore, that are situated in perceived ‘second’ or ‘third’ rung suburban locations in Central Florida,” said Moss.

Added Wilcox, “There are many eyes on Apopka now in anticipation of the completion of the Wekiva Parkway project, which opens up an entirely new economic corridor connecting the Apopka area to Lake Mary/Sanford, and represents the final link in Orlando’s beltway system,” added Wilcox.

According to Berkadia Research, average monthly rent in the Orlando metro area rose 19.5% year over year to $1,493 per month. Occupancy is 97.6%.

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Berkadia’s Moss

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 he makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition