Commercial Real Estate, Capital, Insurance, Leasing & Management

Israeli Investor Acquires The Wymore for $17.9 Million

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Franklin Street negotiated the off-market sale of Wymore Grove Apartments, a 200-unit, multifamily complex located in the affluent Altamonte Springs submarket of Orlando for $17.9 million.

Excerpted from CoStar story.

ROI Capital Group acquired the 200-unit The Wymore apartment complex in Altamonte Springs, FL for $17.9 million, or about $90,000 per unit. The Israel-based investor purchased the 16-building community from locally-based Cross Florida Management Corp., which had owned the property since 1991.

The Wymore was built in 1973 and offers a mix of one-, two and three-bedroom floorplans, ranging in size from 495 to 1,553 square feet, according to CoStar data. Adjacent to Interstate 4 and the Maitland Center, the apartment complex is located on a 10-acre site at 360 Wymore Rd.

ROI Capital Group, which currently has $81 million in assets under management throughout Florida, Texas and the U.K., plans to implement an extensive capital improvement program for The Wymore. Plans include updating the community’s exterior, common areas and unit interiors.

Robert Goldfinger, Darron Kattan, Kevin Kelleher, and Zachary Ames of Franklin Street brokered the deal on behalf of the seller and the buyer.

Please see CoStar COMPS #4240798 for more information on this transaction.

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