IPA Brokers Sale of 252-Unit Orlando MF Property
Institutional Property Advisors (IPA) has brokered the sale of The Legends at ChampionsGate, 252-unit multifamily property in Championsgate, a planned community in Orlando. The sales price was not disclosed.
Constructed in 2002, the three-story garden-style asset has a tropical setting around a lake with a water feature. Amenities include a resort-inspired lakeside pool area with sundeck, 24 detached garages and 18 covered carports. The unit mix contains four-bedroom floor plans and the average unit size is 1,004 square feet.
Shelton Granade, Luke Wickham, Justin Basquill, and Sean Williams of IPA represented the seller, The Milestone Group, in the transaction. The buyer was global real estate private equity firm Taurus Investment Holdings. The investment represents Taurus’ fifth multifamily acquisition in Central Florida.
- ◦Sale/Acquisition