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Los Angeles Firm Buys Troubled Orlando-Area Apartment Complex for $43 Million

Southstar Capital Group Sells 306-Unit Sola at Celebration
Sola at Celebration was originally developed in 2015, but construction defects were discovered shortly after Southstar Capital Group purchased it, resulting in the property being vacated by order of the county's building department. Photo: CoStar
Sola at Celebration was originally developed in 2015, but construction defects were discovered shortly after Southstar Capital Group purchased it, resulting in the property being vacated by order of the county's building department. Photo: CoStar
By Ted Schoenborn
March 8, 2019 | 4:16 P.M.

Investment and development firm CGI Strategies purchased a 306-unit apartment complex in Celebration, Florida, dubbed Sola at Celebration, from Southstar Capital Group for $43 million, or about $141,000 per unit.

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News | Los Angeles Firm Buys Troubled Orlando-Area Apartment Complex for $43 Million