Kensington Cottages sells for $15.3m

Kensington Cottages sells for $15.3m

Published at: 2019-09-03 15:41 | Author: CIJ USA
Coastline Management Group and Benedict Realty Group paid $15.3m for Kensington Cottages, a 170-unit residential complex in the Orlando submarket of Rosemont. Built in 1984 on an 18-acre site, the property includes 16 one-story buildings with one- and two-bedroom units. Newmark Knight Frank represented the seller, DLP Real Estate Capital, which bought the complex for $7.3m in 2016. Kensington Cottages was 94 percent leased at the time of the sale.

Similar Stories:

Fontainebleau gets $460m in refinancing for Turnberry Ocean Club
Fontainebleau Development secured a $460m loan to refinance its Turnberry Ocean Club proje  »
Ironstate secures $69m to refinance affordable housing properties
Ironstate Development secured a $69m loan to refinance four affordable housing properties  »
FCP acquires Somerset Apartments for $18m
FCP paid $18m for Somerset Apartments, a 240-unit residential property in Charlotte, North  »
Starwood Capital buys affordable housing community in Jacksonville
A 224-unit affordable housing community in Jacksonville, Pine Meadows, has been sold for $  »
Hurricane Hermine had the entire state of Florida on the edge of its seat in September. It   »
South Florida’s condo market is readying for a soft landing rather than the crash that m   »
There are approximately 17,000 units in Miami in presale, sold or under construction. Abou   »
The same year Orange County builders pulled 11,000. Fast forward to 2010 and those numbers   »