Representatives at the brokerage declined to comment citing confidentiality agreements with the clients.
Granade, NAIOP Central Florida’s top multifamily sales producer last year, previously told GrowthSpotter he expected to close only a handful of deals this quarter as the coronavirus pandemic has pushed the nation into an economic crisis. Deals that do close were already far along in the process and well-capitalized.
“I expect very little activity in the Second quarter, but I think it will ramp up again in the Third and Fourth quarters,” he said. “There’s going to pent-up demand, and there’s so much capitalization now, as compared to 10 years ago. Interest in Central Florida is still super strong.”
The Parkway at Hunter’s Creek was built in 1997. It consists of a mix of one-, two- and three-bedroom apartments. Residents have access to a fitness center, a pool and lounge area with two swimming pools and community clubhouse with a conference room, kitchen and coffee station.
Marketing materials states some units were recently renovated with new interior appliances. All units feature a full-size washer and dryer and a private patio or balcony with storage.
Priderock Capital is a private multi-family asset manager with more than 14,000 units across the United States. Last summer, the firm paid $63.25 million for a 356-unit apartment community in east Orange County formerly known as Park 9 Apartments.
To date, the highest-priced sale of a multifamily property in greater Orlando took place in 2018 when the Related Companies, led by Stephen Ross, dropped $112 million for the Timberlake & The Glades apartments in Altamonte Springs, according to CBRE.
The Hunters Creek complex sits between the Walt Disney World theme parks and resorts and the Orlando International airport, with quick access to S.R. 417. It’s also walking distance to The Loop shopping center in Kissimmee.
The area has seen an influx of investment thanks to its proximity to major employers like the Darden Corporation, which has its headquarters on the northwest corner of Taft Vineland Road and John Young Parkway. Another major job provider in the area includes the Lockheed Martin Corporation.