RK Properties, a national multifamily owner and operator with assets across the Southeast, has acquired Alta East Shore, a new, 285-unit, luxury garden-style community in the Orlando suburb of Apopka.
The sales price was $86.25 million, and the seller was Wood Partners.
“We continue to be impressed with the exceptional performance and lease-up metrics we are witnessing on new multifamily developments like Alta East Shore, that are situated in perceived ‘second’ or ‘third’ rung suburban locations in Central Florida,” said Brett Moss, a managing director on the Berkadia Orlando team, which arranged the sale. “We commend Wood Partners for having the strategic foresight in recognizing these types of population and demographic shifts that are playing out and delivering a best-in-class product that truly fills a gap in the market.”
Matt Wilcox, a managing director on the Berkadia Orlando team, added, “There are many eyes on Apopka now in anticipatio
