{"id":1004020005,"date":"2010-05-10T10:35:03","date_gmt":"2010-05-10T18:35:03","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004020005"},"modified":"2022-12-07T10:29:08","modified_gmt":"2022-12-07T18:29:08","slug":"apartment-realty-advisors-oversees-43m-orlando-sale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/apartment-realty-advisors-oversees-43m-orlando-sale\/","title":{"rendered":"Apartment Realty Advisors Oversees $43M Orlando Sale"},"content":{"rendered":"

May 10, 2010
\nBy Allison Landa, News Editor<\/p>\n

\"\"<\/a><\/p>\n

Atlanta-based real estate advisory service firm Apartment Realty Advisors said Monday that it has represented an institutional fund advised by Prudential Real Estate Advisors in the $43.3 million sale of The Estates at Park Avenue in Orlando. The 432-unit Class AA luxury garden and townhome apartment community was 93 percent leased at the time of the sale.<\/p>\n

The property is the last rental project built within MetroWest, a 1,800-acre, $960 million mixed-use master-planned community which includes single-family and multi-family residences, 750,000 square feet of retail space, 1.5 million square feet of office space and 590 acres set aside for golf courses, lakes and roads. <\/p>\n

The Estates themselves were built in 2004 and feature granite countertops, direct-access garages and storage units. <\/p>\n

ARA Orlando-based principal Kevin Judd, Tampa-based Vice President Patrick Dufour and Boca Raton-based principal Richard Donnellan represented the seller. Judd said that ARA fielded more than 30 offers throughout the sale.<\/p>\n

Among the firm\u2019s recent accomplishments is the brokerage of a high-profile, seven-acre property near Dallas, the site of a former car dealership. <\/p>\n","protected":false},"excerpt":{"rendered":"

Atlanta-based real estate advisory service firm Apartment Realty Advisors said Monday that it has represented an institutional fund advised by Prudential Real Estate Advisors in the $43.3 million sale of The Estates at Park Avenue in Orlando.<\/p>\n","protected":false},"author":936,"featured_media":1004020006,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004020005","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest"],"acf":[],"yoast_head":"\nApartment Realty Advisors Oversees $43M Orlando Sale - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/apartment-realty-advisors-oversees-43m-orlando-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apartment Realty Advisors Oversees $43M Orlando Sale\" \/>\n<meta property=\"og:description\" content=\"Atlanta-based real estate advisory service firm Apartment Realty Advisors said Monday that it has represented an institutional fund advised by Prudential Real Estate Advisors in the $43.3 million sale of The Estates at Park Avenue in Orlando.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/apartment-realty-advisors-oversees-43m-orlando-sale\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2010-05-10T18:35:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T18:29:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/05\/Estates@ParkAvenueExterior.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"978\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Allison Landa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/apartment-realty-advisors-oversees-43m-orlando-sale\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/apartment-realty-advisors-oversees-43m-orlando-sale\/\",\"name\":\"Apartment Realty Advisors Oversees $43M Orlando Sale - 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