ORLANDO, FLA. — JLL Capital Markets has arranged the $50 million sale of Avisa Lakes, a garden-style community located at 7960 Pine Crossing Circle in Orlando. JLL represented the seller, Lloyd Jones LLC and ST Real Estate Holding Inc., and procured the buyer, Beachwold Residential LLC.
Situated on a 22.4-acre site, Avisa Lakes consists of 292 units across 16 buildings. Apartments come in one- and two-bedroom floor plans and average 850 square feet each. Community amenities include a playground, pool, clubhouse and game room, two dog parks, a soccer court, fitness center and business center. The community was 96 percent leased at the time of sale.
JLL also worked on behalf of the buyer to secure a $35 million acquisition loan through Freddie Mac. JLL Real Estate Capital LLC, a Freddie Mac Optigo Lender, will service the loan.
Kyle Butler, Ted Taylor and Noli Muratovic of JLL Capital Markets led the investment sales and advisory team. Elliott Throne, Jesse Wright and Josh Odessky led JLL’s Debt Advisory team.