ORLANDO, FL – Cardone Capital, an Aventura FL-based multifamily investment firm, has acquired the upscale Murano apartment complex in Orlando, Florida. The seller of the property was a joint venture comprised of a trio of Miami-based real estate development companies – The Courtelis Company, Kislak Organization and HMG/Courtland Properties. The acquisition of Murano brings Cardone Capital’s total AUM to approximately $800 million.
Grant Cardone, CEO of Cardone Capital and a New York Times best-selling author of seven business books, including the international blockbuster The 10X Rule, says, “Murano is a great addition to our existing 5000 unit multifamily portfolio. We are optimistic on the continued growth of the Orlando market. The Home of Mickey has all the right metrics; economic growth, job growth, stable and growing incomes, affordable living, good schools and a migration story that will not be stopped.”
Built in 2016, Murano is a Class A property located on a 9-acre site in Orange County, FL. It sits on a great location across from the Ritz Hotel and JW Marriott.
The property’s on-site amenities include a million-dollar saltwater pool, a poolside pavilion that features a lounge area and summer kitchen, a clubhouse that includes an internet café, a coffee bar, a gaming room, and a 2000 square foot state-of-the-art fitness center that rivals Equinox, LA Fitness, 24 Hour Fitness and other well equipped gyms.
Murano’s average rents are under $1500 making it affordable living for most of Orlando and offers great access from Lake Nona to Kissimmee and all the way to Windemere.
Cardone has had a presence in Orlando for over twenty years with his automotive consulting arm, The Cardone Group, which he founded in the 1990’s.
Sunsail Capital and ZaneCRE Acquire 350-Unit Sarah at Lake Houston Apartment Community in Houston Submarket of Humble, Texas
RPM Living Acquires 408-Unit Brentwood Downs Apartment Community in Atlanta’s Fast-Growing Suburban Housing Market
Venterra Realty Completes Second Acquisition in Daytona Beach With 208-Unit The Anatole Garden Apartment Community
Blue Roc Premier Properties Strengthens Position in Southwest Florida Market With Management of 800-Units in Fort Myers
The latest multifamily industry news
delivered to your inbox
HOUSTON, TX – New York-based Sunsail Capital and Dallas-based ZaneCRE announced the joint…
ATLANTA, GA – RPM Living Investments announces the acquisition of Brentwood Downs, a 408-unit…
DAYTONA BEACH, FL – Venterra Realty recently acquired its second multi-family community in Daytona…
LAKELAND, FL -Blue Roc Premier Properties LLC recently acquired management control for three…
CHARLOTTE, NC – Mill Creek Residential, a leading developer, owner-operator and investment manager…
ATLANTA, GA – GID, a vertically-integrated real estate company with corporate offices in Atlanta…
KING OF PRUSSIA, PA – Morgan Properties, one of the nation’s top three multifamily owners,…
FORT WORTH, TX – The Elm at River Park, a 293-unit multifamily community in desirable southwest…
The latest multifamily industry news delivered to your inbox.
MultifamilyBiz.com is an information, advertising, and content display platform focused on the multifamily housing industry. This Website features information, materials,products, content, images, links,and services provided by third parties, and we are not responsible for such. We do not own or manage any properties featured on this website, are not a party to, and are not liable for, any transactions with any party featured on this website. Your use of this website is subject to our Terms of Use Agreement.
© 2022 – MULTIFAMILYBIZ.COM – ALL RIGHTS RESERVED
About Author
