Orlando, FL – April 28, 2015 – (RealEstateRama) — CBRE Capital Markets arranged the sale of Century Waterford Lakes, located at 12101 Fountainbrook Blvd., Orlando, FL. The 400-unit apartment community was completed in 2000 and has a current occupancy of 92%. CBRE exclusively represented the seller in the transaction, Centennial Holding Company. The property was acquired by an undisclosed buyer.
“Century Waterford Lakes has a prime location near major professional-level employers and popular shopping and dining in the UCF/East Orlando area,” said Shelton Granade, Executive Vice President of CBRE Capital Markets, Multifamily. “The submarket is booming, and the property has tremendous rental upside through minor interior and amenity enhancements.”
Century Waterford Lakes provides easy access to State Roads 408 and 417, and is just a few minutes from major employment centers such as Lockheed Martin, Siemens, and the University of Central Florida. The community features a host of amenities, including two resort-style pools, private garages and walking trails. The property also offers a fitness center, business center, pet park and large clubhouse.
CBRE’s Shelton Granade, Luke Wickham and Justin Basquill exclusively represented the seller in the transaction, and have closed approximately $1.8 billion in multifamily sales in Central Florida from 2013 to date.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
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