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Florida & Gulf Coast  + Central Florida  + Apartments  |  February 3, 2021
David Cohen
By: David Cohen

Lloyd Jones Acquires 306-Unit Apartment Community in Orlando

Multifamily investment firm Lloyd Jones has acquired Arium Grandewood, a 306-unit apartment community in South Orlando. The sales price and seller was not disclosed.

Built in 2005, the garden-style community consists of a mix of one-, two- and three-bedroom floor plans. Amenities include a resort-style pool, BBQ pavilion, fitness center, volleyball court and business center. Lloyd Jones’ plans for the property include $2.7 million in capital improvements that include a two-level interior renovation package program comprising 95 percent of the units.

“The acquisition of Arium Grandewood is part of our strategic investment plan focused on established Orlando properties that are centrally located and well-positioned for value-add opportunities,” said Ashley Socarras, EVP of investments at Lloyd Jones.

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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