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IPA Arranges $55M Sale of Altamonte Springs MF Property

Institutional Property Advisors has brokered the sale of Latitude 28, a 354-unit multifamily property located in Altamonte Springs, a suburb of Orlando. The property traded for $54.7 million.

Latitude 28 is located at 850 Orienta Ave. in the northern portion of the Orlando MSA. The property consists of all two-story product with new roofs and exterior paint. Approximately 25% of the units were recently renovated by the seller and new ownership intends to make further improvements to the interiors and amenities.

Shelton Granade, Luke Wickham and Justin Basquill of IPA represented the seller, Lighthouse Group. The buyer was The Aberly Group.


Inside The Story

IPA’s Granade

About David Cohen

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.

  • ◦Acquisition
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