{"id":1004194403,"date":"2017-10-19T06:30:53","date_gmt":"2017-10-19T14:30:53","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004194403"},"modified":"2022-12-07T20:38:08","modified_gmt":"2022-12-08T04:38:08","slug":"truamerica-acquires-47m-orlando-community","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/truamerica-acquires-47m-orlando-community\/","title":{"rendered":"TruAmerica Acquires $47M Orlando Community"},"content":{"rendered":"<p>By Alex Ciorogar<\/p>\n<div id=\"attachment_1004194411\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/ARIUM-Falcon-Pines.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004194411\" data-attachment-id=\"1004194411\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/truamerica-acquires-47m-orlando-community\/arium-falcon-pines\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/ARIUM-Falcon-Pines.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"ARIUM Falcon Pines\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Arium Falcon Pines&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/ARIUM-Falcon-Pines.jpg?w=800\" class=\"wp-image-1004194411 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/ARIUM-Falcon-Pines.jpg\" alt=\"Arium Falcon Pines\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/ARIUM-Falcon-Pines.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/ARIUM-Falcon-Pines.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/ARIUM-Falcon-Pines.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004194411\" class=\"wp-caption-text\">Arium Falcon Pines<\/p><\/div>\n<p>The Carroll Organization and Goldman Sachs Asset Management Private Real Estate sold a 300-unit multifamily community in East Orlando. TruAmerica Multifamily bought the asset for more than $47 million. Located at 102000 Falcon Pine Blvd., Arium Falcon Pines occupies a 21-acre site.<\/p>\n<p>The property features 48 one-bedroom, 168 two-bedroom and 84 three-bedroom apartments. Lake Nona\u2019s Medical City, the Central Florida Research Park and the University of Central Florida are all nearby.<\/p>\n<p>Amenities include a lagoon-style pool, an expansive sundeck, a clubhouse, an outdoor kitchen and grill, a fitness studio, a walking trail, a dog park and a business center. According to CBRE, the occupancy rate was at 94 percent at the time of sale.<\/p>\n<p><em>\u201cNew ownership has the tremendous opportunity to increase income through modest enhancements moving forward. This is TruAmerica\u2019s third acquisition in the <a href=\"https:\/\/www.commercialsearch.com\/news\/profile-truamerica-2\/\">Orlando area<\/a> this year, which speaks to the strength of the market,\u201d<\/em> said Granade, vice chairman of CBRE Capital Markets, in a prepared statement. <em>\u201cOrlando is ranked number one in the U.S. for job growth and is in the top 10 U.S. metros for rent growth over the next two years.\u201d<\/em><\/p>\n<p>CBRE\u2019s Shelton Granade, Luke Wickham and Justin Basquill represented the seller.<\/p>\n<p><em>Image courtesy of CBRE<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As one of the strongest multifamily markets in the U.S., Orlando has a very frothy investment market. TruAmerica intends to enhance the 300-unit property located between the area\u2019s chief financial drivers.<\/p>\n","protected":false},"author":928,"featured_media":1004194411,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21782,21825,21742,1493],"tags":[38021,32789,33435,38024,38023,38022],"class_list":["post-1004194403","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-development","category-finance","category-latest","category-orlando","tag-carroll-organization","tag-cbre","tag-goldman-sachs","tag-luke-wickham","tag-shelton-granade","tag-truamerica-multifamily"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>TruAmerica Acquires $47M Orlando Community - 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\/truamerica-acquires-47m-orlando-community\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TruAmerica Acquires $47M Orlando Community\" \/>\n<meta property=\"og:description\" content=\"As one of the strongest multifamily markets in the U.S., Orlando has a very frothy investment market. TruAmerica intends to enhance the 300-unit property located between the area\u2019s chief financial drivers.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/truamerica-acquires-47m-orlando-community\/\" \/>\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=\"2017-10-19T14:30:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T04:38:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/ARIUM-Falcon-Pines.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alex Ciorogar\" \/>\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\\\/truamerica-acquires-47m-orlando-community\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/truamerica-acquires-47m-orlando-community\\\/\"},\"author\":{\"name\":\"Alex Ciorogar\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/b4a70df0ad52ca9767a9e26548ab1aad\"},\"headline\":\"TruAmerica Acquires $47M Orlando Community\",\"datePublished\":\"2017-10-19T14:30:53+00:00\",\"dateModified\":\"2022-12-08T04:38:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/truamerica-acquires-47m-orlando-community\\\/\"},\"wordCount\":217,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/truamerica-acquires-47m-orlando-community\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/10\\\/ARIUM-Falcon-Pines.jpg\",\"keywords\":[\"Carroll Organization\",\"CBRE\",\"Goldman Sachs\",\"Luke Wickham\",\"Shelton Granade\",\"TruAmerica Multifamily\"],\"articleSection\":[\"Deals\",\"Development\",\"Finance\",\"News\",\"Orlando\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/truamerica-acquires-47m-orlando-community\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/truamerica-acquires-47m-orlando-community\\\/\",\"name\":\"TruAmerica Acquires $47M Orlando Community - 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