Central FL Multifamily Properties Sold for $62M


Alex. Brown Realty, Inc. and Oculus Development LLC sold The Villages, a three-property portfolio totaling 710 units across central Florida, to Equus Capital Partners Ltd. on behalf of its BPG Investment Partnership IX LP for $62 million, or about $87,000 per unit. Included in the sale was the:250-unit Village at East Lake, built in 2001 in Clermont, FL;212-unit Village at Lake Ned, built in 2000 in Winter Haven;248-unit Village at Park Road, built...

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