Redwood Capital Group buys Ancora Apartments in Orlando for $65m

Redwood Capital Group buys Ancora Apartments in Orlando for $65m

Published at: 2018-12-14 15:47 | Author: CIJ USA
Redwood Capital Group acquired Ancora Apartments in Orlando’s Lake Bryan submarket from LeCesse Development for $65m. As part of the deal, Redwood Capital will also take over the seller’s $31.8m construction loan from MetLife. Completed last April, the 289-unit property was 91 percent leased at the time of the sale. Amenities include a fitness center, movie theater, summer kitchen, swimming pool, business center and club room. In October, Redwood Capital also acquired a recently constructed 231-unit residential property in Chicago for $70.4m.

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