Franklin Street Brokers $14.2M Sale of Orlando Apartment Community

March 27, 2015

ORLANDO, FLA. — Franklin Street Real Estate Services has arranged the $14.2 million sale of Colonial Ridge Apartments, a 194-unit multifamily community located at 649 Cannon Ridge in Orlando.

Franklin Street Sells Lender-Owned Apartments

Franklin Street announced the sale of Old Cheney and Abby for $1,400,000.

Park at Barrington Closes for $12.3M

HOLIDAY, Fla. – (September 3, 2014) —Franklin Street announces the sale of Park at Barrington for $12,300,000 representing $50,410 per unit.

Colonial Ridge Apartments: $14.2 million

Colonial Ridge Apartments: A “regional owner” spent $14.2 million, or $73,196 per unit, to buy the 194-unit Colonial Ridge apartment complex on the west side of Orlando.

Businesses Relying On International Lenders, Private Equity

“In some ways it’s a good thing for local developers because competition makes the capital less expensive,” said Greg Matus, Franklin Street Real Estate Services’ regional managing partner for South Florida.