{"id":1004111002,"date":"2015-01-12T08:43:19","date_gmt":"2015-01-12T16:43:19","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=316864"},"modified":"2022-12-13T00:05:20","modified_gmt":"2022-12-13T08:05:20","slug":"rosemont-apartment-complex-fetches-10-4-million-2","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/rosemont-apartment-complex-fetches-10-4-million-2\/","title":{"rendered":"Rosemont Apartment Complex Fetches $10.4 Million"},"content":{"rendered":"

\"\"<\/a>
\nFVP KP Waterstone L.L.C. has acquired Waterstone Apartments, a 208-unit community, for $10.4 million or $50,000 per unit, Franklin Street Real Estate Services announced recently.<\/p>\n

Franklin Street arranged the deal between FVP KP Waterstone, a partnership based in Tampa and Miami and backed by equity from South America, and \u00a0a private seller based in California. Senior Director Kevin Kelleher, Investment Associate Zachary Ames and Managing Directors Darron Kattan and Robert Goldfinger involved. Agency financing was obtained as part of the sale.<\/p>\n

Located at 5224 Long Road on a 16.3-acre plot in the Rosemont North submarket, Waterstone is part of a densely populated residential area minutes from Interstate 4, Altamonte Springs and downtown Orlando. Completed in 1991, the property offers a variety of two-, three-, and four-bedroom homes ranging from 1175 to 1677 square feet in size. Common amenities include a swimming pool, playground, car wash, activities area, grilling area, and a newly renovated fitness\/health center.<\/p>\n

According to Kattan, the seller had carried out an exterior renovation of the buildings and proceeded to interior updates as well. \u201cThe rent increase they were already achieving was significant and the buyer will do more exterior work and continue the interior renovations to stabilize the property at a much higher NOI than it had previously achieved,\u201d he added in the statement.<\/p>\n

Photo credits: Franklin Street Real Estate Services<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Waterstone Apartments a 208-unit community changed hands for $10.4 million or $50,000 per unit, Franklin Street Real Estate Services announced in a recent news release.<\/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],"class_list":["post-1004111002","post","type-post","status-publish","format-standard","hentry","category-latest","category-orlando","tag-national"],"acf":[],"yoast_head":"\nRosemont Apartment Complex Fetches $10.4 Million - 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\/rosemont-apartment-complex-fetches-10-4-million-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rosemont Apartment Complex Fetches $10.4 Million\" \/>\n<meta property=\"og:description\" content=\"Waterstone Apartments a 208-unit community changed hands for $10.4 million or $50,000 per unit, Franklin Street Real Estate Services announced in a recent news release.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/rosemont-apartment-complex-fetches-10-4-million-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=\"2015-01-12T16:43:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-13T08:05:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/01\/Waterstone-Apartments.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\\\/rosemont-apartment-complex-fetches-10-4-million-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rosemont-apartment-complex-fetches-10-4-million-2\\\/\"},\"author\":{\"name\":\"Balazs Szekely\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/623e95293ca6c6791bedc7473f548d7f\"},\"headline\":\"Rosemont Apartment Complex Fetches $10.4 Million\",\"datePublished\":\"2015-01-12T16:43:19+00:00\",\"dateModified\":\"2022-12-13T08:05:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rosemont-apartment-complex-fetches-10-4-million-2\\\/\"},\"wordCount\":225,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rosemont-apartment-complex-fetches-10-4-million-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/01\\\/Waterstone-Apartments.jpg\",\"keywords\":[\"National\"],\"articleSection\":[\"News\",\"Orlando\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rosemont-apartment-complex-fetches-10-4-million-2\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rosemont-apartment-complex-fetches-10-4-million-2\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rosemont-apartment-complex-fetches-10-4-million-2\\\/\",\"name\":\"Rosemont Apartment Complex Fetches $10.4 Million - 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