TruAmerica|Orlando| Apartments| Solis at Winter Park
TruAmerica buys its 9th Florida rental property since early last year
TruAmerica paid about $132,000 per unit for a 596-unit Orlando apartment complex – its ninth rental property acquisition statewide since early 2017, when the real estate investment firm entered the Florida market.
TruAmerica’s has spent about $500 million to acquire its Florida portfolio, which now totals approximately 3,700 apartments, including more than 2,000 in Orlando.
The latest addition to the portfolio is a Class B property in Orlando called Solis at Winter Park, built in 1986.
Shelton Granade, Luke Wickham and Justin Basquill of brokerage firm CBRE arranged the sale of Solis at Winter Park on behalf of the seller. – Mike Seemuth