Pollack Shores Announces Sale of Premier Orlando Property
By Kevin Parker, Citybizlist
Multifamily developer and investment firm Pollack Shores Real Estate Group announced today the sale of Arden Villas, a 336-unit luxury apartment community in Orlando located just minutes from the University of Central Florida.
Originally acquired by Pollack Shores in 2014, Arden Villas recently underwent a substantial capital improvement project that delivered an array of new and modern amenities, including an upgraded pool area with outdoor lounge and grilling stations, clubhouse with TVs and entertainment bar, indoor game room, bocce ball court, and a full-size basketball court.
Arden Villas is currently 95 percent occupied and has emerged as one of the area’s premier luxury communities as a result of its dynamic programming and access to vibrant in-town destinations. Pollack Shores said the sale fits within the firm’s broader divestment strategy across the Sunbelt, with Arden Villas and several other assets recently hitting key benchmarks.
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