{"id":1004088924,"date":"2013-12-20T15:36:52","date_gmt":"2013-12-20T23:36:52","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=228159"},"modified":"2022-12-13T00:06:22","modified_gmt":"2022-12-13T08:06:22","slug":"orlandos-bala-sands-apartments-community-changes-hands-2","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/orlandos-bala-sands-apartments-community-changes-hands-2\/","title":{"rendered":"Orlando\u2019s Bala Sands Apartments Community Changes Hands"},"content":{"rendered":"

\"\"<\/a>Cushman & Wakefield of Florida recently announced the sale of Bala Sands Apartments in Orlando, Fla.<\/p>\n

The Carroll Organization acquired the 298-unit Class A property, while the seller\u2019s identity has not been made public. The latter was represented by C&W\u2019s Multifamily Advisory Services team of Senior Director Jay Ballard, Associate Director Ken Delvillar and Associate Lindsey Pfaender. The transaction was worth $36.3 million, in other words $121,812 per unit or $111 per square foot, as Bala Sands incorporates a total of 326,918 square feet of living space.<\/p>\n

Cushman & Wakefield is the world\u2019s largest privately-held commercial real estate services firm representing clients on all aspects of property occupancy and investment. With 253 offices in 60 countries and nearly 15,000 employees it has more than $4 billion in assets under management globally.<\/p>\n

The Carroll Organization announced its plans to complete minor upgrades to the units and amenities and rebrand the community as ARIUM Bala Sands, accommodating it in its extensive ARIUM family that is already present in Orlando with two properties, the 300-unit ARIUM Falcon Pines and the 526-unit ARIUM Barber Park. Carroll\u2019s Florida portfolio now includes 11 properties, nine of which are part of the ARIUM brand.<\/p>\n

\u201cThe Carroll Organization was able to complete the purchase of Bala Sands at a volatile time within the debt markets,\u201d says <\/em>Ballard.<\/em> \u201cThe asset will be a strong addition the Carroll Organization\u2019s portfolio as it continues its expansion throughout the Southeast.\u201d<\/em><\/p>\n

Photo credits: Carroll Organization<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Cushman & Wakefield of Florida recently announced the sale of Bala Sands Apartments in Orlando, Fla.<\/p>\n","protected":false},"author":35,"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":[1815,39399],"class_list":["post-1004088924","post","type-post","status-publish","format-standard","hentry","category-latest","category-orlando","tag-national","tag-orlando"],"acf":[],"yoast_head":"\nOrlando\u2019s Bala Sands Apartments Community Changes Hands - 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\/orlandos-bala-sands-apartments-community-changes-hands-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Orlando\u2019s Bala Sands Apartments Community Changes Hands\" \/>\n<meta property=\"og:description\" content=\"Cushman & Wakefield of Florida recently announced the sale of Bala Sands Apartments in Orlando, Fla.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/orlandos-bala-sands-apartments-community-changes-hands-2\/\" \/>\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=\"2013-12-20T23:36:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-13T08:06:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/12\/2013-12-19-Orlandos-Bala-Sands-Apartments-Community-Changes-Hands.jpg\" \/>\n<meta name=\"author\" content=\"Balazs Szekely\" \/>\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\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/orlandos-bala-sands-apartments-community-changes-hands-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/orlandos-bala-sands-apartments-community-changes-hands-2\\\/\"},\"author\":{\"name\":\"Balazs Szekely\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/623e95293ca6c6791bedc7473f548d7f\"},\"headline\":\"Orlando\u2019s Bala Sands Apartments Community Changes Hands\",\"datePublished\":\"2013-12-20T23:36:52+00:00\",\"dateModified\":\"2022-12-13T08:06:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/orlandos-bala-sands-apartments-community-changes-hands-2\\\/\"},\"wordCount\":248,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/orlandos-bala-sands-apartments-community-changes-hands-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/12\\\/2013-12-19-Orlandos-Bala-Sands-Apartments-Community-Changes-Hands.jpg\",\"keywords\":[\"National\",\"Orlando\"],\"articleSection\":[\"News\",\"Orlando\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/orlandos-bala-sands-apartments-community-changes-hands-2\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/orlandos-bala-sands-apartments-community-changes-hands-2\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/orlandos-bala-sands-apartments-community-changes-hands-2\\\/\",\"name\":\"Orlando\u2019s Bala Sands Apartments Community Changes Hands - 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