Two Orlando-area rental properties sell for $32 million

Tuesday May 30th, 2017

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Tampa-based apartment investment firm Avesta paid $32 million for two Orlando-area rental apartment properties with a total of 354 units. Avesta merged the operations of the two properties in the Altamonte Springs suburb of Orlando, Altamonte Villas and Palms at Altamonte, and rebranded them as East Pointe at Altamonte. The Tampa firm also has started a $5 million renovation of the merged rental property, located near Uptown Altamonte and an outdoor event venue called Cranes Roost... [read more]

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