{"id":1004111844,"date":"2015-01-23T10:38:02","date_gmt":"2015-01-23T18:38:02","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=320222"},"modified":"2022-12-08T17:28:39","modified_gmt":"2022-12-09T01:28:39","slug":"ecoventures-wraps-years-2nd-biggest-apartment-buy","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ecoventures-wraps-years-2nd-biggest-apartment-buy\/","title":{"rendered":"Ecoventures Wraps Year\u2019s 2nd-Biggest Apartment Buy"},"content":{"rendered":"

By Balazs Szekely, Associate Editor<\/em> <\/em><\/p>\n

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

In Greater Orlando\u2019s second-biggest apartment sale of 2014, Ecoventures Capital Fund L.L.C. has acquired Sun Lake Apartment Homes in Lake Mary for $66.3 million. \u00a0CBRE Group Inc.\u2019s capital markets team, which represented Harbor Group, announced the deal on Jan 21.<\/p>\n

The seller, an affiliate of Harbor Group International, had owned the gated lakefront community since 2012. At closing, the 600-unit complex was 96 percent occupied.<\/p>\n

Located at 420 Sun Lake Circle, the complex is across the street from Northpoint Office Park and a few minutes from major employment centers like the Primera and Lake Mary Heathrow Office Parks. Completed in 1988, the community has undergone $10 million worth of capital upgrades in recent years.<\/p>\n

The Sun Lake property includes 26 two- and three-story buildings residential buildings, two swimming pools and a clubhouse with fitness and business centers. Six floor plans are available; the largest units offer three bedrooms and two baths. Apartments feature energy-efficient GE appliances, granite or formica countertops, cherry wood cabinets, track lighting and full-size washers and dryers. Fishing, kayaking and paddle boarding possibilities are available at the nearby lake.<\/p>\n

The CBRE capital markets team representing Harbor Group included Executive Vice President Shelton D. Granade, Senior Vice President Luke S. Wickham and Sales Assistant Justin T. Basquill.<\/p>\n

Photo credit: Sun Lake Apartments<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

CBRE Group has recently announced the sale of Sun Lake Apartment Homes in Lake Mary, Florida. Ecoventures Capital Fund, LLC acquired the 600-unit luxury apartment community for $66.25 million from a Harbor Group International affiliate that originally purchased the homes in 2012.<\/p>\n","protected":false},"author":755,"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-1004111844","post","type-post","status-publish","format-standard","hentry","category-latest","category-orlando","tag-national"],"acf":[],"yoast_head":"\nEcoventures Wraps Year\u2019s 2nd-Biggest Apartment Buy - 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\/ecoventures-wraps-years-2nd-biggest-apartment-buy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ecoventures Wraps Year\u2019s 2nd-Biggest Apartment Buy\" \/>\n<meta property=\"og:description\" content=\"CBRE Group has recently announced the sale of Sun Lake Apartment Homes in Lake Mary, Florida. 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