CBRE Global Investors Acquires 280-Unit Orlando Apartments
A fund sponsored by CBRE Global Investors has acquired Kestra, a 280-unit apartment community in Orlando. The sales price and seller was undisclosed.
Located at 10387 Vista Oak Court in Orlando’s Southwest/435 submarket, the garden-style community was completed in 2019. The property features contemporary finishes, including stainless-steel appliances, granite countertops, faux-wood flooring, screened-in patios and double-sink vanities. Amenities include a two-story clubhouse, resort-style pool, a fire pit, fitness center with outdoor workout stations, grilling stations, eight EV charging stations and a dog park.
“At Kestra, we plan to utilize our local-market expertise, which we’ve been able to develop through the operation of nearby residential assets owned on behalf of the fund, to lease up the remaining availability at the property,” said Kim Hourihan, Portfolio Manager at CBRE Global Investors. “We believe that Kestra will continue to attract a variety of renters due to its modern design and competitive amenity collection, which we plan to bolster with our firm’s proprietary A&BTM tenant experience program.”
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.
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