{"id":1004051893,"date":"2011-10-19T07:49:01","date_gmt":"2011-10-19T15:49:01","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=21532"},"modified":"2022-12-04T14:05:12","modified_gmt":"2022-12-04T22:05:12","slug":"timberlake-glades-apartments-in-altamonte-springs-trade-for-63m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/timberlake-glades-apartments-in-altamonte-springs-trade-for-63m\/","title":{"rendered":"Timberlake, Glades Apartments in Altamonte Springs Trade for $63M"},"content":{"rendered":"<p>By Georgiana Mihaila, Associate Editor<\/p>\n<p>In one of Orlando\u2019s biggest multifamily sales of the year, the Timberlake and Glades Apartments have been acquired by Philadelphia\u2019s GoldOller Real Estate Investments, LLC for $63.15 million. According to an official press release, the two properties, containing 876 units, are part of Gondolier\u2019s private, open-ended apartment fund that GoldOller launched in January 2011.<\/p>\n<p>This purchase follows GoldOller\u2019s streak of acquisitions last week that consisted of eight apartment communities, containing 1,395 units located in suburban Kansas City. Aiming for a total of 5,000 rental units located in six states by the end of the year, GoldOller\u2014formed just 18 months ago\u2014set its sights on &#8220;well performing apartment assets in secondary and tertiary markets where pricing still offers a superior rate of return for our investors,\u201d according to Richard Oller, GoldOller Chairman.<\/p>\n<p>The Timberlake Apartments, located at 675 Jamestown Boulevard in Altamonte Springs, offers beautiful landscaping, a business center, a clubhouse, racquetball courts, swimming pools, picnic area with barbeque, and ease of access to freeways, shopping and nearby public parks. The Glades apartment community, set at 651 Glades Circle, Altamonte Springs is also within close proximity to major freeways and local attractions; each apartment home includes upgraded<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-21533\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2011\/10\/28293_109241675786237_109208785789526_60159_7777181_n.jpg\" alt=\"\" width=\"300\" height=\"201\" \/>modern lighting, sleek black appliances, wood grain floors in kitchen and bathrooms, cherry wood cabinets, and warm colored interiors. The two properties comprise 876 units and are part of a three-phase project; at the time of the purchase, the combined occupancy for both apartment communities was 93 percent.<\/p>\n<p>Barry Friedman of Blank Rome LLP in Philadelphia represented GoldOller in the Orlando acquisitions, while Shelton Granade and Luke Wickham of CB Richard Ellis Orlando represented the seller.<\/p>\n<p><em>Photo Credit: The Glades Apartments Official Facebook Page<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Georgiana Mihaila, Associate Editor<br \/>\nIn one of Orlando\u2019s biggest multifamily sales of the year, the Timberlake and Glades Apartments have been acquired by Philadelphia\u2019s GoldOller Real Estate Investments, LLC for $63.15 million. According to an official press release, the two [&#8230;]<\/p>\n","protected":false},"author":33,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1493],"tags":[],"class_list":["post-1004051893","post","type-post","status-publish","format-standard","hentry","category-latest","category-orlando"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Timberlake, Glades Apartments in Altamonte Springs Trade for $63M - 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\/timberlake-glades-apartments-in-altamonte-springs-trade-for-63m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Timberlake, Glades Apartments in Altamonte Springs Trade for $63M\" \/>\n<meta property=\"og:description\" content=\"By Georgiana Mihaila, Associate Editor In one of Orlando\u2019s biggest multifamily sales of the year, the Timberlake and Glades Apartments have been acquired by Philadelphia\u2019s GoldOller Real Estate Investments, LLC for $63.15 million. According to an official press release, the two [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/timberlake-glades-apartments-in-altamonte-springs-trade-for-63m\/\" \/>\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=\"2011-10-19T15:49:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-04T22:05:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2011\/10\/28293_109241675786237_109208785789526_60159_7777181_n.jpg\" \/>\n<meta name=\"author\" content=\"Georgiana Mihaila\" \/>\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\/timberlake-glades-apartments-in-altamonte-springs-trade-for-63m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/timberlake-glades-apartments-in-altamonte-springs-trade-for-63m\/\",\"name\":\"Timberlake, Glades Apartments in Altamonte Springs Trade for $63M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/timberlake-glades-apartments-in-altamonte-springs-trade-for-63m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/timberlake-glades-apartments-in-altamonte-springs-trade-for-63m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2011\/10\/28293_109241675786237_109208785789526_60159_7777181_n.jpg\",\"datePublished\":\"2011-10-19T15:49:01+00:00\",\"dateModified\":\"2022-12-04T22:05:12+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7f47e1fdc15ee76043a807c37aa761f9\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/timberlake-glades-apartments-in-altamonte-springs-trade-for-63m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/timberlake-glades-apartments-in-altamonte-springs-trade-for-63m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/timberlake-glades-apartments-in-altamonte-springs-trade-for-63m\/#primaryimage\",\"url\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2011\/10\/28293_109241675786237_109208785789526_60159_7777181_n.jpg\",\"contentUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2011\/10\/28293_109241675786237_109208785789526_60159_7777181_n.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/timberlake-glades-apartments-in-altamonte-springs-trade-for-63m\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Timberlake, Glades Apartments in Altamonte Springs Trade for $63M\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7f47e1fdc15ee76043a807c37aa761f9\",\"name\":\"Georgiana Mihaila\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/701123f51f1573cc9bff912fc3f0429d493e3510649d1a43b3860d25016b8d71?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/701123f51f1573cc9bff912fc3f0429d493e3510649d1a43b3860d25016b8d71?s=96&d=mm&r=g\",\"caption\":\"Georgiana Mihaila\"},\"description\":\"After spending the first 6 years of her career training in the art of real estate alongside the Yardi team, Georgiana went on to become VP of Marketing for Montreal-based fintech company NestReady, then to run the marketing department behind one of the world\u2019s leading self-dev media companies, Goalcast Inc. 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