Citymark Capital has acquired the 362-unit Central Park Apartments in Orlando in a joint venture with TruAmerica Multifamily. “This aligns with our national platform, which invests in leading U.S. markets and takes a disciplined approach to generating solid returns for our investors,” Citymark Cpaital CEO Daniel Walsh said in a statement. The plan is to make improvements to the apartment community while keeping rents manageable for working class families who are said to be flocking to the Orlando area, according to TruAmerica Managing Director Matt Ferrari. “Orlando continues to post some of the highest job growth figures in the nation and we will continue to look at investment opportunities here.” Shelton Granade, Luke Wichham and Justin Basquil in the Orlando office of CBRE represented both parties in the transaction. The acquisition was financed by a Freddie Mac Value-Add agency loan through its Green Up Program arranged by Brian Eisendrath, of CBRE in Los Angeles.
