Parke East Apartments – Sold 2016Administrator2017-11-20T11:09:30-04:00
Parke East is a 272-unit apartment community located on 14-acres in Orlando, FL. Residents benefit from numerous shopping and entertainment centers located within blocks of the property, which include Publix, CVS, and Starbucks.The property is close to major employment centers such as the Orlando International Airport, Florida Hospital East, Lake Nona Medical City, Valencia College East Campus, and UCF. The property is well-situated on the east side of Orlando and provides easy access to major thoroughfares including the 408 East-West Expressway, which is just north of the property.
Following the implementation of a successful capital improvement plan, Halstatt Real Estate Partners employed an “off-market” disposition strategy by approaching a group of four qualified buyers. Two of the groups presented offers, and the asset was sold to a Florida based apartment owner and manager.