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Orlando Apartments Flip for $86M
PLK Communities paid $86 million for the Harbortown Apartments. The 428-unit project was built in 1999. LivCor was the seller. The Orlando Business Journal reports Livcor paid $100 million for the property in 2020.
The community includes one-, two- and three-bedroom apartments and is bordered by both Turkey Lake and MetroWest Golf Club. Rents run between $1,600 and $3,300 a month for units that are sized between 800 and 1,600 square feet.
Other big-dollar apartment sales this year include the $90 million deal in August of the still-new Alta Cypress in Longwood, as well as the $87 million sale of The Wesley on International Drive in May.
