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Redwood Capital Acquires 663-Unit The Arbors at Maitland Summit

TA Realty Trades Orlando Multifamily Asset for $102M
January 22, 2018
Redwood Capital Group LLC acquired The Arbors at Maitland Summit apartments located at 8636 Villa Pt. in Orlando, FL from TA Realty for $102 million, or about $154,000 per unit.

The 701,415-square-foot multifamily building was constructed in 1998 on 17.1 acres in the Maitland MF submarket. It offers a mix of one-, two- and three-bedroom floorplans ranging from 718 to 1,606 square feet with asking rents between $1,200 and $1,900 per month.

The asset was 94 percent occupied at the time of sale.

Brian Moulder and Dhaval Patel of Walker & Dunlop LLC represented the seller. The buyer handled the sale in-house.

Please refer to CoStar COMPS #4064742 for more information on this transaction.
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