The Retreat at Sunset Walk apartments at 8050 Fins Up Circle in Kissimmee sold for $88.5 million.
The Orlando Business Journal reports that an affiliate of Montage Capital was the buyer. Falcone Group sold the 352-unit property.
The Retreat at Sunset Walk was built in 2022 on nearly 18 acres. The complex consists of four-story buildings with up to three bedrooms and two bathrooms per unit, which rent for $1,641-$2,599 monthly.
The waterfront complex offers amenities such as a heated pool, fitness center, resident lounges, gaming room, detached garages, outdoor pavilion, fire pit, grilling stations, and more.
The nearby Margaritaville Orlando Resort, owned and operated by Margaritaville Holdings, spans 300 acres. That includes the Margaritaville Hotel, the Island H2O Live! water park, the 200,000-square-foot Sunset Walk retail center, and more than 1,000 condos and vacation homes.
Lincoln Property Company and McCourt Partners have broken ground for ElevenOneEleven, a new mixed-use development in Culver City. The groundbreaking occurred three weeks after Lincoln and McCourt announced $133 million in construction financing from Bank OZK. Set to rise on a vacant parcel, ElevenOneEleven will deliver 344 rental apartments, including 52 affordable units, along with 2,000 square...
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Logisco is stripping back the amenity race with a $60M Quebec City apartment development aimed at renters who would rather pay less each month than fund pools, gyms and other extras. The developer has started construction on 193 apartments at 7075 Wilfrid-Hamel Blvd., the first project under its new Elie rental brand. The 10-storey building...
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Virtus Diversified REIT has purchased a 91-suite retirement residence in Hamilton for $26M, expanding its seniors housing portfolio. The acquisition of Abington Court Retirement Residence at 1500 Main St. E. closed Nov. 3. The independent living property opened in 2005 and added 20 suites in a 2018 expansion. Located west of the Red Hill Valley...
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