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.

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