Saturday, April 16, 2011

CBRE Orlando Closes $37 Million Multi-Housing Sale

ORLANDO, FL--CB Richard Ellis is pleased to announce the sale of the Fountains at Waterford Lakes (top left  and bottom right photos) in Orlando for $37,000,000.

 Built in 2000, this gated community features 400 units in East Orange County near the University of Central Florida.

The property offers private garages, 9’ ceilings, and a full amenity package with two swimming pools.

Shelton Granade and Luke Wickham of CBRE’s Central Florida Multi-Housing Group exclusively represented the seller, and have closed over $111,000,000 in Orlando thus far in 2011 – more than the next three competitors combined.

Buyer interest in multi-housing assets in Central Florida has increased significantly. CBRE currently has several other properties under contract, and is generating substantial interest in other widely marketed offerings.

 For further information, please contact the Central Florida Multi-Housing Group of CB Richard Ellis:
Shelton Granade, T 407.839.3103,
Luke Wickham,T 407.839.3130,

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