Located at 3303 Arden Villas Blvd., less than a mile west of UCF's main entrance along University Boulevard, the 21-acre property features 12 three-story apartment buildings that date to 1998. The sale closed on May 23 and was recorded Thursday in Orange County.
The property was 95 percent occupied at time of sale. Preiss was brought on as new property manager within the past week.
The sale follows Pollack Shores' broader divestment strategy across the southern United States, prompted by strong market dynamics and investor demand.
ARA Newmark marketed the property on behalf of Pollack Shores.
This is the fourth multifamily asset buy for TH Real Estate in Greater Orlando in the past nine months.