CBRE Global Investors acquires 280-unit Kestra Apartments in Orlando

A fund sponsored by CBRE Global Investors has acquired a 280-unit residential apartment community in Orlando, Fla. Known as Kestra, the asset was completed in 2019 and is located at 10387 Vista Oak Court in the Southwest/435 submarket of Orlando.

Kestra is a garden-style, four-story building that includes a mix of one-, two-, and three-bedroom apartments. The units feature contemporary finishes, including stainless-steel appliances, granite countertops, faux-wood flooring, screened-in patios, double-sink vanities, among other high-end design features. Tenants have access to an exclusive collection of amenities, which include a two-story clubhouse, a resort-style pool with cabanas, a fire pit and lounge area, a fitness center and outdoor workout stations, grilling stations, eight electrical-vehicle charging stations, a dog park, a bike repair shop and package lockers.

“At Kestra, we plan to utilize our local-market expertise, which we’ve been able to develop through