Representing a total of 357 multi-family units in the Orlando, Florida sub-market of Longwood, Golf Brook and Sabal Park Apartments presented an opportunity to purchase well located assets at a substantial discount due to the financial crisis of 2008 and subsequent fallout from condominium developers. Built in the late 1980s as apartments, they were sold to a condominium developer in 2007 that ultimately failed, paving the way for our opportunity to purchase out of foreclosure. The investment goal was to make capital improvements, professionally operate and ultimately hold for the foreseeable future and generate consistent cash flow.

Project Vitals

  • Property: Golf Brook and Sabal Park
  • Location: Orlando, FL
  • Sub-market: Longwood
  • Asset Class: Multi-Family
  • Total Units: 357
  • Acquisition Date: June 2009
  • Acquisition Cost: $31,500,000
  • Total Project Capitalization: $34,573,000

Project Results

The project is still operating and running 97% to 100% occupied since operations started. A re-finance in 2014 paved the way for investors to receive 100% of their original invested capital back with continuous distributions.