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Florida & Gulf Coast  + Apartments  |  February 9, 2021
David Cohen
By: David Cohen

JV Acquires 306-Unit Orlando Apartment Community

JLL has brokered the sale and arranged the $46.2 million acquisition financing for Grandewood Pointe, a 306-unit, garden-style apartment property in Orlando. The buyer was a joint venture led by Lloyd Jones.

Located at 3701 Grandewood Blvd., Grandewood Pointe is nearby Orlando’s largest employment hubs, including Lockheed Martin and Lake Nona’s Medical City. Additionally, the property is a 20-minute drive to Downtown Orlando. The property is formerly known as Arium Grandewood and consists of 306 one-, two- and three-bedroom units. Current community amenities include a courtyard, barbecue and picnic area, playground and business center.

Jay Ballard and Ken DelVillar of JLL represented the seller, Bluerock Real Estate, in the transaction. In addition, Elliott Throne, Jesse Wright, Tarik Bateh, Jennifer Swanson and Drew Jennewein of JLL arranged the 10-year, fixed-rate acquisition loan through Fannie Mae’s Green Rewards Program.

For comments, questions or concerns, please contact David Cohen

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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.
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