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Kissimmee Apartment Community Trades for $67M
Cushman & Wakefield has arranged the $67 million sale of Integra Sunrise Parc Apartments, a 300-unit apartment community in Kissimmee.
The property opened in 2019 and is comprised of eight, four-story residential buildings, a clubhouse and 10 garage buildings. The property offers a mix of one, two and three-bedroom units with an average size of 972 square feet. Amenities include a zero-entry saltwater pool, soft turf outdoor yoga studio, dog park, gated electronic entrance, recycling center, gas grills, bocce ball court, hammocks, a courtyard zen garden, 24-hour CrossFit gym and fitness studio, as well as an indoor dog spa and gourmet coffee bar. At the time of sale, the community was 83% leased.
Jay Ballard, Ken Delvillar, Michael Mulkern and Robert Given of Cushman & Wakefield’s Florida Multifamily Team represented the sellers, a development partnership of Panther Residential Management, Integra Land Company and CrossHarbor Capital Partners, in the transaction. The buyer was Bluerock Value Exchange.
For comments, questions or concerns, please contact David Cohen
- ◦Sale/Acquisition
